Northland Power Dividends and Buybacks
Dividend criteria checks 2/6
Northland Power is a dividend paying company with a current yield of 3.18%. Next payment date is on 15th June, 2026 with an ex-dividend date of 29th May, 2026.
Key information
3.2%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | 3.2% |
| Dividend Growth | 0.9% |
| Next dividend pay date | 15 Jun 26 |
| Ex dividend date | 29 May 26 |
| Dividend per share | n/a |
| Payout ratio | -183% |
Recent dividend and buyback updates
Recent updates
Narrative Update • May 29
NPI: Offshore Contract Progress And Neutral Outlook Support Balanced Future Expectations
Analysts have lifted the implied fair value estimate for Northland Power to CA$25.21 from CA$24.54. This reflects a series of price target increases to CA$25 that are supported by updated assumptions for slightly higher revenue growth, a modestly lower discount rate, and a marginally lower future P/E and profit margin.Narrative Update • May 08
NPI: Offshore Contract Progress And Higher P E Multiple Support Balanced Outlook
Analysts have inched their average price target on Northland Power higher by about CA$0.33, reflecting fine-tuning around a slightly lower discount rate and a modestly higher assumed future P/E multiple in their updated models. Analyst Commentary Recent research on Northland Power centers on how analysts are recalibrating their expectations for the stock rather than making sharp directional calls.Narrative Update • Apr 23
NPI: Fair Outlook As Higher P/E Assumptions Meet Execution Risks
Analysts have slightly increased their average price target on Northland Power by about CA$0.20, pointing to updated models that reflect a modestly higher fair value estimate and P/E multiple, along with more cautious assumptions for revenue growth and profit margins. Analyst Commentary Recent Street research on Northland Power has focused on updated price targets and how those line up with execution risks and growth plans.Narrative Update • Apr 08
NPI: Fair Outlook As Higher Profitability Assumptions Meet Execution Uncertainty
Northland Power's analyst price target has shifted higher, rising by about CA$2 to CA$24, as analysts adjust their models to reflect updated assumptions on revenue growth, margins and future P/E, in line with recent target increases from CIBC and TD Securities. Analyst Commentary Recent research on Northland Power has centered on updated price targets in the low C$20s and differing views on how current fundamentals line up with that valuation range.Narrative Update • Mar 25
NPI: Future Returns Will Hinge On Execution As Expectations Edge Higher
Narrative update Northland Power's updated fair value estimate edges up to about CA$23.73 from CA$23.50, reflecting recent analyst price target increases to CA$23 and CA$24, as well as a modestly lower discount rate in the refreshed model. Analyst Commentary Recent Street research on Northland Power centers on modest upward revisions to price targets, with views split between more upbeat growth expectations and a preference to wait for further execution proof points.Narrative Update • Mar 11
NPI: Future Returns Will Depend On Execution Against Modest Plan Adjustments
Analysts have raised their fair value estimate for Northland Power to CA$23.50 from CA$22.15, reflecting updated assumptions around revenue growth, profit margins, and a modestly lower discount rate, consistent with recent target increases from CIBC to CA$24 and TD Securities to CA$23. Analyst Commentary Recent Street research around Northland Power centers on modest upward revisions to price targets, with bullish analysts adjusting their models while others maintain a more neutral stance on near term execution and valuation.Narrative Update • Feb 24
NPI: Future Returns Will Reflect Execution Versus Funding Risk At Current Levels
Analysts have kept their fair value estimate for Northland Power steady at about CA$22.15, with a slightly higher discount rate and modest tweaks to growth and margin assumptions informing an updated price target narrative. Analyst Commentary Recent commentary on Northland Power suggests a mixed but relatively balanced view, with analysts weighing valuation support against execution and industry wide risks.Narrative Update • Feb 10
NPI: Future Returns Will Hinge On Offshore Execution And Polish Storage Delivery
Analysts have trimmed their targets on Northland Power in recent weeks, and our updated work reflects only a modest fair value adjustment to about C$22.15 as they factor in slower growth expectations, higher perceived risk, and slightly more conservative P/E assumptions. Analyst Commentary Recent Street research on Northland Power has centered on reassessing growth, execution risk, and how much of a discount the shares should carry, with several price targets reset in the C$19 to C$27 range and some rating downgrades following the latest investor communications.Analysis Article • Feb 02
Northland Power (TSE:NPI) Has Some Difficulty Using Its Capital Effectively
What underlying fundamental trends can indicate that a company might be in decline? A business that's potentially in...Narrative Update • Jan 25
NPI: Future Returns Will Reflect Offshore Execution Progress And Polish Storage Buildout
Analysts have trimmed their Northland Power targets by a few dollars, with fair value now around C$22.00. This reflects slightly lower growth and margin assumptions, as well as modestly reduced future P/E expectations.Narrative Update • Jan 11
NPI: Future Returns Will Benefit From Resolving Offshore Execution Uncertainty
Analysts have pulled back on Northland Power, trimming price targets to a C$19 to C$27 range as they factor in a slower growth path, more cautious free cash flow expectations and offshore execution uncertainty in their updated models. Analyst Commentary Recent Street research on Northland Power clusters around a tighter C$19 to C$27 price target band, with several firms revising models after the company’s investor day and reassessing how execution risk and a slower growth profile feed into valuation.Analysis Article • Dec 28
Northland Power (TSE:NPI) Takes On Some Risk With Its Use Of Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Narrative Update • Dec 15
NPI: Future Returns Will Benefit From Offshore Wind Execution Improvements
Northland Power's analyst fair value estimate has edged down slightly to about C$22.15 from roughly C$22.31, as analysts trim price targets into the C$19 to C$27 range to reflect a slower growth outlook, offshore execution risks, and a modestly higher perceived valuation discount, despite maintained positive ratings from several firms. Analyst Commentary Recent research updates show a gradual reset of expectations for Northland Power, with lower price targets clustering in the high-teens to mid C$20s but with many firms still seeing upside from current levels.Narrative Update • Nov 29
NPI: Future Returns Will Benefit From Battery Storage Expansion In Poland
Northland Power’s average analyst price target has decreased from approximately C$25.08 to C$22.31. Analysts cite slower growth expectations and increased execution risks in their revised outlook.Analysis Article • Nov 16
Northland Power Inc. (TSE:NPI) Not Doing Enough For Some Investors As Its Shares Slump 27%
Northland Power Inc. ( TSE:NPI ) shares have had a horrible month, losing 27% after a relatively good period...Narrative Update • Nov 15
NPI: Earnings Growth Will Benefit From Supportive Sector Dynamics Ahead
Northland Power's average analyst price target has decreased by approximately C$2.38 to C$25.08. Analysts cite increased discount rates and greater uncertainty in growth and margins as supporting factors for the revised outlook.Analysis Article • Jul 31
These 4 Measures Indicate That Northland Power (TSE:NPI) Is Using Debt Extensively
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Analysis Article • Jul 16
Northland Power Inc.'s (TSE:NPI) Share Price Could Signal Some Risk
It's not a stretch to say that Northland Power Inc.'s ( TSE:NPI ) price-to-sales (or "P/S") ratio of 2.7x right now...Analysis Article • Jun 15
Are Investors Undervaluing Northland Power Inc. (TSE:NPI) By 40%?
Key Insights Northland Power's estimated fair value is CA$36.28 based on 2 Stage Free Cash Flow to Equity Current share...Analysis Article • Apr 26
Is Northland Power (TSE:NPI) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Apr 08
Market Cool On Northland Power Inc.'s (TSE:NPI) Revenues
With a median price-to-sales (or "P/S") ratio of close to 2.4x in the Renewable Energy industry in Canada, you could be...Analysis Article • Mar 21
Slowing Rates Of Return At Northland Power (TSE:NPI) Leave Little Room For Excitement
If we want to find a stock that could multiply over the long term, what are the underlying trends we should look for...Analysis Article • Jan 01
Northland Power (TSE:NPI) Takes On Some Risk With Its Use Of Debt
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...
New Narrative • Dec 22
Successful Execution Of Hai Long And Baltic Power Projects Set To Boost Earnings And Cash Flow, Driving Future Growth
Northland Power's construction projects and strategic expansions could significantly enhance EBITDA, cash flow, and future revenue growth.Analysis Article • Dec 05
Some Confidence Is Lacking In Northland Power Inc.'s (TSE:NPI) P/S
It's not a stretch to say that Northland Power Inc.'s ( TSE:NPI ) price-to-sales (or "P/S") ratio of 2.1x right now...Analysis Article • Oct 19
Are Investors Undervaluing Northland Power Inc. (TSE:NPI) By 48%?
Key Insights Using the 2 Stage Free Cash Flow to Equity, Northland Power fair value estimate is CA$42.92 Northland...Stability and Growth of Payments
Fetching dividends data
Stable Dividend: NPI's dividend payments have been volatile in the past 10 years.
Growing Dividend: NPI's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Northland Power Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (NPI) | 3.2% |
| Market Bottom 25% (CA) | 1.7% |
| Market Top 25% (CA) | 5.4% |
| Industry Average (Renewable Energy) | 3.9% |
| Analyst forecast (NPI) (up to 3 years) | 3.2% |
Notable Dividend: NPI's dividend (3.18%) is higher than the bottom 25% of dividend payers in the Canadian market (1.67%).
High Dividend: NPI's dividend (3.18%) is low compared to the top 25% of dividend payers in the Canadian market (5.43%).
Earnings Payout to Shareholders
Earnings Coverage: NPI is paying a dividend but the company is unprofitable.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (13.6%), NPI's dividend payments are thoroughly covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/06/14 00:42 |
| End of Day Share Price | 2026/06/12 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Northland Power Inc. is covered by 23 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harshit Gupta | Accountability Research Corporation |
| Nathan Heywood | ATB Cormark |
| Benjamin Pham | BMO Capital Markets Equity Research |