Markets

Northland Power's Preferred Series 3 Shares Cross 7.5% Yield Mark

Shutterstock photo
Shutterstock photo

Shutterstock photo

In trading on Monday, shares of Northland Power Inc's Cumulative Rate Reset Preferred Shares, Series 3 (TSX: NPI-PRC.TO ) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $16.58 on the day. As of last close, NPI.PRC was trading at a 31.80% discount to its liquidation preference amount. It should be noted that the preferred shares are convertible .

The chart below shows the one year performance of NPI.PRC shares, versus NPI:

Performance Comparison Chart

Below is a dividend history chart for NPI.PRC, showing historical dividend payments on Northland Power Inc's Cumulative Rate Reset Preferred Shares, Series 3:

NPI.PRC+Dividend+History+Chart

In Monday trading, Northland Power Inc's Cumulative Rate Reset Preferred Shares, Series 3 (TSX: NPI-PRC.TO ) is currently down about 0.7% on the day, while the common shares (TSX: NPI.TO ) are off about 1.8%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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