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Northland Power raises monthly dividend by 11%

The Northland Power Inc. board of directors declared a dividend of 10 Canadian cents per share for December, representing an 11% increase over the previous dividend of 9 cents per share.

The monthly dividend will be paid in January 2018. "The dividend increase is a direct result of the company's strong performance, including the success of our offshore wind strategy, and reflects our confidence and excitement about Northland's future," CEO John Brace said in a Dec. 13 news release.