Northland Power Inc T.NPI

Alternate Symbol(s): T.NPI.PR.A | T.NPI.PR.B | NPICF | NPIFF

Utilities Utilities - Independent Power Producers

Northland Power Inc. is a Canada-based global power producer focused on helping the clean energy transition by producing electricity from clean renewable resources. The Company owns and manages a diversified generation mix, including onshore renewables, natural gas energy, as well as supplying energy through a regulated utility. Its facilities produce electricity from clean-burning natural gas and renewable resources such as wind and solar. The Company’s segments include offshore wind facilities, onshore renewable facilities, efficient natural gas facilities, and utilities. It operates both onshore and offshore wind facilities in Canada and Europe, with a total annual production of more than 5,000 GWh. It has about 13 ground-mounted solar projects in Canada. The Company’s natural gas facilities use turbines to produce electricity. The Company also has an inventory of projects under construction and in various stages of development encompassing over 15GW of potential capacity.

TSX:NPI - Post by User

Northland Power Inc

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Post by rustybladeson Jul 19, 2016 11:43am

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Post# 25065267

Higher Share Price and DRIP

One of the benefits of the higher share price is reduced dilution due to the DRIP. I'm not a fan of DRIP's for securities with a high yield due to the dilutive effect of issuing large numbers of shares to pay the dividend. Especially if the reason for the DRIP is to pay a dividend because the company doesn't have sufficient cash. This can be a death spiral to oblivion.

Now that the share price is above $24 there will be fewer DRIP shares issued monthly than when the share price was $16 to $18.

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