Northland Power's Preferred Series 3 Shares Cross 5.5% Yield Mark

In trading on Friday, shares of Northland Power Inc’s Cumulative Rate Reset Preferred Shares, Series 3 (TSX: NPI-PRC.TO ) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.25), with shares changing hands as low as $22.67 on the day. As of last close, NPI.PRC was trading at a 8.12% 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 Friday trading, Northland Power Inc’s Cumulative Rate Reset Preferred Shares, Series 3 (TSX: NPI-PRC.TO ) is currently down about 1.3% on the day, while the common shares (TSX: NPI.TO ) are up about 0.3%.


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