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Derived from payout historyIncome reliability
Monthly income profile is visible
NPI.TO has an income profile aligned with its dividend company role. Provider data shows 12 recent payout records.
Market dataIncome framework read
Dividend CompanyTSXCanada
NPI.TO
Northland Power
UtilitiesPlain dividendMonthly
Market Snapshot
$22.27
-$0.54 (-2.37%)
Toronto
Yield
3.23%
Rate $0.72
Next Payment
Next pay in 22 days
Ex-date 2026-06-30
52wk Position
62.91%
-14.31% below high
Updated just now
Decision Area
Distribution and DRIP Defense
Payout history, default DRIP coverage, and price creep pressure using market data where available.
Distribution Chart
Last 12 payments
Confirmed Expected
Coverage Ratio Test
DRIP defense check
- Cash
- $6.00
- APR
- 0.269
- Coverage
- 0.269
Rung failed. Restore immediately or rebalance the holding.
Price Creep
Defended price ceiling
- Max defended
- $6.00
- Cushion
- -$16.27
- Cushion %
- -73.06%
Current $22.27Break $6.00
Smart Recommendation
NPI.TO is not defended at these inputs; top up shares, lower TPR, or test alternatives.
Research Signals
Payout sustainability
Moderate
1mo agoDRIP availability
Plan-only
1mo agoTax character
Mixed
1mo agoDistribution history
5–10 yr track
1mo agoStructure complexity
Moderate
1mo agoIncome trend
Stable
1mo agoAccount suitability
Non-reg: eligible div
1mo agoStructure Overview
Northland Power (NPI) is a global renewable energy company focused on offshore wind, onshore renewables, and natural gas facilities. NPI pays monthly distributions that have historically been partially eligible dividends and partly other income or return of capital, depending on project-level cash flows. Offshore wind development risk and international project execution add variability to future distributions.
Canadian Planning Notes
- 1NPI's monthly distribution includes a mixed tax-character component; verify the annual T3 to understand the eligible-dividend versus other-income split before planning non-registered account positioning.
- 2Offshore wind construction risk and project financing can affect the distributable cash flow timeline; review the balance sheet and backlog with each quarterly report.
- 3DRIP may not be available at all brokers; confirm plan availability before assuming automatic reinvestment.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Canadian Context
Account placement
Non-registered
Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.
TFSA: Tax-free growth and withdrawals.
RRSP: Tax-deferred growth, with withdrawals taxed as regular income.
Eligible dividend tax credit
- Total credit
- $345.27
- Effective rate
- 34.53%
Broker DRIP status
Questrade
Available
Wealthsimple
Available
RBC Direct Investing
Available
TD Direct Investing
Available
Run Your Numbers
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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.