Northland Power Preferred Shares Press Release Summaries
This page contains Northland Power Preferred Shares Press Release Summaries. Click on the Press Release Date to view the entire news release.
| Symbol: | NPI.PR.A – Series 1 |
| Reset Date: | September 30, 2020 |
| Press Release Date: | August 31, 2020 |
| Yield: | 3.2% |
| Annual Dividend: | $0.80 |
| Excerpt from Press release: | Northland Power Inc. today announced that pursuant to the share terms in respect of the Cumulative Rate Reset Preferred Shares, Series 1, it has determined the fixed dividend rate for the five years commencing September 30, 2020 and ending September 29, 2025. The fixed quarterly dividends on the Series 1 Shares during that period will be paid at an annual rate of 3.2%. |
| Symbol: | NPI.PR.B – Series 2 |
| Reset Date: | Floating |
| Press Release Date: | August 31, 2020 |
| Excerpt from Press release: | The quarterly floating rate dividends on the Cumulative Floating Rate Preferred Shares, Series 2 will be paid at an annual rate, calculated for each quarter, of 2.80% over the annual yield on 90-day Government of Canada treasury bills. The actual quarterly dividend rate in respect of the September 30, 2020 to December 30, 2020 dividend period for the Series 2 Shares will be 0.74% and the dividend, if and when declared, for such dividend period will be Cdn. $0.1859 per share, payable on December 31, 2020. |
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