As of today (2024-05-01), the Trailing Annual Dividend Yield of Northland Power is 10.01%.
Good Sign:
Northland Power Inc stock dividend yield is close to 5-year high.
The historical rank and industry rank for Northland Power's Dividend Yield % or its related term are showing as below:
TSX:NPI.PR.B.PFD'
s Dividend Yield % Range Over the Past 10 Years
Min: 2.36 Med: 4.64 Max: 10.25
Current: 10.01
During the past 13 years, the highest Dividend Yield of Northland Power was 10.25%. The lowest was 2.36%. And the median was 4.64%.
TSX:NPI.PR.B.PFD's Dividend Yield % is ranked better than 70.37% of 243
companies
in the Utilities - Independent Power Producers industry
Industry Median: 2.94
vs TSX:NPI.PR.B.PFD: 10.01
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Northland Power Inc is 1.86, which seems too high.
During the past 13 years, the highest Dividend Payout Ratio of Northland Power was 4.07. The lowest was 0.65. And the median was 1.20.
During the past 10 years, the average Dividends Per Share Growth Rate was 1.50% 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 2.75% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Northland Power Dividend Yield % Historical Data
The historical data trend for Northland Power's Dividend Yield % can be seen below:
* 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.
Competitive Comparison of Northland Power's Dividend Yield %
For the Utilities - Renewable subindustry, Northland Power's Dividend Yield %, along with its competitors' market caps and 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's Dividend Yield % Distribution in the Utilities - Independent Power Producers Industry
For the Utilities - Independent Power Producers industry and Utilities sector, Northland Power's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Northland Power's Dividend Yield % falls into.
Northland Power 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 0.502000
2023-12-19
2023-12-20
2023-12-29
Cash Dividend
quarterly
CAD:CAD 1.000000
CAD 0.464000
2023-09-19
2023-09-20
2023-09-29
Cash Dividend
quarterly
CAD:CAD 1.000000
CAD 0.459000
2023-06-19
2023-06-20
2023-06-30
Cash Dividend
quarterly
CAD: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 Trailing Annual Dividend Yield (%) for Today is calculated as
Northland Power's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
2.008
/
18.49
=
10.86 %
Current Share Price is C$18.49. Northland Power's Dividends per Share for the forward twelve months is calculated as C$0.502 * 4 = C$2.008.
* 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.
Northland Power (TSX:NPI.PR.B.PFD) 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.
Thank you for viewing the detailed overview of Northland Power's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Northland Power (TSX:NPI.PR.B.PFD) Business Description
Northland Power develops, constructs, and operates maintainable 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.
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