Northland Power (TSX:NPI) Forward Dividend Yield %: 3.23% (As of Jun. 25, 2026)


TSX:NPI Northland Power Inc TSX:NPI
68 GF Score
Price C$22.08
GF Value C$24.14
Valuation Fairly Valued
! 7 Warning Signs
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What is Northland Power Forward Dividend Yield %?

Northland Power TSX:NPI -0.85% 68 Forward Dividend Yield % is 3.23% as of Jun. 25, 2026. GuruFocus rates TSX:NPI with a GF Score™ of 68/100 and a GF Value™ of C$24.14 (Fairly Valued). The stock has 7 warning signs investors should review. Among 233 Utilities - Independent Power Producers companies, Northland Power ranks worse than 55.36% on this metric.

As of today (2026-06-25), the Forward Annual Dividend Yield of Northland Power is 3.23%.

As of today (2026-06-25), the Trailing Annual Dividend Yield of Northland Power is 4.31%.

TSX:NPI's Forward Dividend Yield % is ranked worse than
55.36% of 233 companies
in the Utilities - Independent Power Producers industry
Industry Median: 3.57 vs TSX:NPI: 3.23

Northland Power's Dividends per Share for the three months ended in Mar. 2026 was C$0.18.

During the past 12 months, Northland Power's average Dividends Per Share Growth Rate was -13.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -1.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -0.50% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 1.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Northland Power was 6.30% per year. The lowest was -5.40% per year. And the median was 0.00% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Northland Power  (TSX:NPI) Forward Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.

Northland Power Forward Dividend Yield % Related Terms

Northland Power Forward Dividend Yield % Competitor Comparison

For the Utilities - Renewable subindustry, Northland Power's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Northland Power Forward Dividend Yield % vs Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Northland Power's Forward Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Northland Power's Forward Dividend Yield % falls into.


TSX:NPI
68GF Score
Northland Power Inc TSX:NPI
Forward Dividend Yield % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Northland Power Forward Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Northland Power Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
CAD 0.0600002026-05-292026-05-292026-06-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.0600002026-04-302026-04-302026-05-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.0600002026-03-312026-03-312026-04-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.0600002026-02-272026-02-272026-03-16Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.0600002026-01-302026-01-302026-02-17Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.0600002025-12-312025-12-312026-01-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1000002025-11-282025-11-282025-12-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1000002025-10-312025-10-312025-11-17Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1000002025-09-292025-09-292025-10-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1000002025-08-292025-08-292025-09-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1000002025-07-312025-07-312025-08-15Cash DividendmonthlyCAD:CAD 1.000000
CAD 0.1000002025-06-302025-06-302025-07-15Cash DividendmonthlyCAD:CAD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Northland Power's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=0.72/22.08
=3.26 %

Current Share Price is C$22.08.
Northland Power's Dividends per Share for the forward twelve months is calculated as C$0.06 * 12 = C$0.72.

Northland Power's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=0.96/22.08
=4.35 %

Current Share Price is C$22.08.
Northland Power's Dividends per Share for the trailing twelve months (TTM) ended in Today is C$0.96.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Forward Dividend Yield % of 3.23% mean?
Northland Power (TSX:NPI) has a Forward Dividend Yield % of 3.23% as of Jun. 25, 2026. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on Northland Power and its competitors. According to the industry distribution chart, Northland Power ranks #129 out of 233 companies in the Utilities - Independent Power Producers industry, placing it in the top 55.4%.
Is Northland Power's Forward Dividend Yield % too high?
Northland Power's current Forward Dividend Yield % is 3.23%. The Utilities - Independent Power Producers industry median Forward Dividend Yield % is 3.57. Northland Power's value of 3.23% is 9.5% below this industry median. Based on the distribution chart, Northland Power ranks #129 out of 233 companies in the Utilities - Independent Power Producers industry, which is below the industry midpoint. Overall, Northland Power has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Northland Power's Forward Dividend Yield % compare to competitors?
According to the Utilities - Independent Power Producers industry distribution chart, Northland Power ranks #129 out of 233 companies for Forward Dividend Yield %. This places Northland Power in the lower half of its industry. The industry median Forward Dividend Yield % is 3.57. Northland Power's value of 3.23% is 9.5% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Forward Dividend Yield % for an Utilities - Independent Power Producers company?
The median Forward Dividend Yield % among Utilities - Independent Power Producers companies is 3.57, based on 233 companies in the industry. Companies in the top quartile (top 25%) have a Forward Dividend Yield % significantly above this median, while those in the bottom quartile fall well below. However, Forward Dividend Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Northland Power's current Forward Dividend Yield % of 3.23% is 9.5% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Forward Dividend Yield % mean?
A high Forward Dividend Yield % can signal that a stock is expensive relative to its fundamentals. Forward dividend yield is the ratio of company's expected dividends to the share price. View historical data on Northland Power and its competitors. For the Utilities - Independent Power Producers industry, the median Forward Dividend Yield % is 3.57 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Northland Power's current Forward Dividend Yield % is 3.23%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Northland Power stock overvalued right now?
Based on GuruFocus' analysis, Northland Power (TSX:NPI) is currently considered Fairly Valued. The stock's GF Value™ is C$24.14, compared to a current price of C$22.08 — trading 8.5% below its estimated fair value. The current Forward Dividend Yield % is 3.23% and 9.5% below the Utilities - Independent Power Producers industry median of 3.57. Northland Power's overall GF Score™ is 68/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Forward Dividend Yield % calculated?
Forward Dividend Yield % is calculated from a company's financial statements. For Northland Power (TSX:NPI), the current Forward Dividend Yield % is 3.23% as of Jun. 25, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Northland Power (TSX:NPI) Overvalued in 2026?

Based on GuruFocus' analysis, Northland Power stock appears to be undervalued. The current stock price of C$22.08 is trading 8.5% below its estimated GF Value™ of C$24.14. GuruFocus considers Northland Power to be Fairly Valued.

Key valuation signals for TSX:NPI:

  • Forward Dividend Yield %: 3.23%
  • GF Value™: C$24.14 vs. price of C$22.08 (8.5% below fair value)
  • GF Score™: 68/100 with 7 warning signs
  • Industry Position: 9.5% below the Utilities - Independent Power Producers median (#129 of 233)

No single metric tells the full story. See the TSX:NPI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Northland Power Business Description

Address 30 St. Clair Avenue West, 3rd Floor, Toronto, ON, CAN, M4V 3A1
Northland Power develops, constructs, and operates sustainable infrastructure assets across a range of clean and green technologies, such as wind (offshore and onshore), solar, and supplying energy through a regulated utility. Offshore wind is expected to remain the company's largest segment over the long term. Northland's growth opportunities are global and span North America, Europe, Latin America, and Asia.
68GF Score

Get the complete analysis for TSX:NPI

Forward Dividend Yield % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$22.08
Price
C$24.14
GF Value