Northland Power (OTCMKTS:NPIFF) Shares Up 0.8% – Here’s Why

Northland Power Inc. (OTCMKTS:NPIFFGet Free Report)’s share price was up 0.8% during mid-day trading on Monday . The stock traded as high as $14.63 and last traded at $14.47. Approximately 48,885 shares traded hands during trading, a decline of 37% from the average daily volume of 77,741 shares. The stock had previously closed at $14.36.

Northland Power Trading Up 0.8 %

The company’s fifty day simple moving average is $15.86 and its 200-day simple moving average is $16.51.

Northland Power Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.0727 per share. This represents a yield of 5.4%. The ex-dividend date was Thursday, October 31st. Northland Power’s payout ratio is -341.67%.

About Northland Power

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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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