Northland Power Inc. (NPIFF) Declares 5-Year Fixed Dividend Rate

Northland Power Inc. (OTCMKTS:NPIFF) is one of the best wind power and solar stocks to buy, according to analysts. On August 29, the company reiterated its commitment to shareholder value over the next five years. The company has set its fixed dividend rate for the next five years at an annual rate of 5.70% on Series 1 shares. The fixed rate translates to a quarterly dividend of $0.3564 per share.Northland Power Inc. (NPIFF) Declares 5-Year Fixed Dividend Rate

In Series 2, Northland Power will reward passive investors with quarterly floating-rate payments, paid at an annual rate of 2.80% over the annual yield of the 90-day Government of Canada Treasury bills. Once declared, the company is to pay $0.3441 per share on December 31, 2025.

Northland Power Inc. (OTCMKTS:NPIFF) is a global power producer dedicated to accelerating the global energy transition. It owns and operates a diversified mix of energy infrastructure assets, including offshore and onshore wind, solar, battery energy storage, and natural gas.

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Disclosure: None. This article is originally published at Insider Monkey.

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