NPIFF - Northland Power: The Preferred Shares May Be A Better Option For Income Investors
- Northland Power is working on a major deal in Spain where it can increase its asset base by 0.5 GW for a total consideration of C$1.6B.
- The company is using the acquisition as a platform to raise an additional C$380M - a smart move.
- I'm currently a shareholder of Northland Power, but I'm considering making the switch from the common shares to the preferred shares.
- I would be giving up potential capital gains, but the dividend yield is about 80% higher for the Series 3 preferred shares, with a 3,300% coverage ratio.
For further details see:
Northland Power: The Preferred Shares May Be A Better Option For Income Investors