iShares U.S. Power Infrastructure ETF(POWR.US)

Is Northland Power Still a Good Dividend Stock to Buy After Cutting Its Dividend?

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.