Shares of Northland Power Inc. (OTCMKTS:NPIFF – Get Free Report) dropped 1.1% during mid-day trading on Friday . The company traded as low as $12.61 and last traded at $13.00. Approximately 12,644 shares changed hands during trading, a decline of 83% from the average daily volume of 76,289 shares. The stock had previously closed at $13.15.
Northland Power Stock Performance
The business has a 50-day simple moving average of $14.80 and a 200-day simple moving average of $16.15.
Northland Power Cuts Dividend
The company also recently disclosed a dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.0718 per share. This represents a yield of 6.04%. The ex-dividend date is Friday, November 29th. Northland Power’s payout ratio is -341.67%.
About Northland Power
Northland Power Inc, an independent power producer, develops, builds, owns, and operates clean and green power projects in Canada, Netherlands, Germany, Spain, Colombia, and internationally. The company produces electricity from renewable resources, such as wind and solar, as well as natural gas for sale under power purchase agreements and other revenue arrangements.
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