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When it comes to the market these days, Canadian investors continue to seek out dividend stocks that are due to recover. That’s a great strategy, if you’re able to identify the right stock. Luckily, there is certainly one magnificent dividend stock that is currently down 37% from 52-week highs. And with some positive signs that more growth is coming.
NPI stock
The dividend stock investors may want to consider these days is Northland Power (TSX:NPI). The renewable energy provider has been seen by investors as a strong long-term hold for a variety of reasons. First and foremost, the company has a stable revenue stream as a leading global developer, owner, and operator of sustainable infrastructure assets.
These assets are quite diverse, ranging from wind and solar to hydroelectric power across North America. The productive assets have long-term contracts providing stable revenue for the company. NPI…
