Is Northland Power Still a Good Dividend Stock to Buy After Cutting Its Dividend?
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Northland Power (TSX:NPI) cut its dividend by 40%, now paying $0.72 per share with a yield of 3.7%. Despite monthly payments, the stock has fallen 17% in six months due to profitability concerns, as the company reported losses in the last two quarters. The sustainability of the current dividend is in question, making it a risky investment. Investors may want to avoid Northland Power until it demonstrates financial stability, as there are safer dividend stock options available.
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