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B

Review of Northland Power Inc.

MAR 12, 2024 - NPI holds a significant position in the production of renewable energy and utilities. The company’s business model generates high and consistent cash flows through contracted revenues and pays out a high percentage of these through dividends. We think that NPI should continue to perform with the industry, while the realization of the benefits of growth projects is a few years away. We expect some degree of pressure to be put on the company financially as it has to balance its high debt load with status as a high dividend payer. We are maintaining our rating of a ‘B’ for NPI due to the offsetting factors of industry tailwinds and likely increased expenses.

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5i Recent Questions
Q: Hello Team,

I currently do not have any pure dividend stocks and I'm looking at purchasing one to start. I did a bit of research and came up with the above list, are you able to rank them in order plus add your 2 favorites into the list (if they are not already included). Looking at a minimum of a 6% yield with the possibility of say a 30% return over the next 3-5 years. (setting my goals high). Thanks!
Read Answer Asked by Kevin on January 21, 2025
Q: These 9 stocks were approximately equally weighted in unregistered dividend account before NPI and BCE took a big dive. The overall yield of the account is around 4.8% which I have been happy with, but the loss of capital in the 2 mentioned is troubling.

Objective of the account is to generate retirement dividend income for the next 5 to 10 years.
Other accounts provide pretty decent diversification by sector / geography / growth etc.


Question 1. Should I take the loss on these two and redeploy into the other holdings?

Question 2. Any glaring omissions in this account which you think I should add in here?
Read Answer Asked by Jim on January 13, 2025
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