Dividend and Distribution Dates

Common Shares

Since its inception, Northland Power has made regular payments to all shareholders.

On November 12, 2025, Northland’s Board of Directors approved an adjustment to Northland’s dividend to $0.72 per share on an annual basis. The change will be applicable to the dividend payment on January 15, 2026, to shareholders of record on December 31, 2025.

2026 Dividend Monthly

Month	Record Date	Payment Date	$/Share
Jan	2026-01-30	2026-02-17	$0.06
Feb	2026-02-27	2026-03-16	-
Mar	2026-03-31	2026-04-15	-
Apr	2026-04-30	2026-05-15	-
May	2025-05-29	2025-06-15	-
Jun	2026-06-30	2026-07-15	-
Jul	2026-07-31	2026-08-15	-
Aug	2026-08-28	2026-09-15	-
Sep	2026-09-30	2026-10-15	-
Oct	2026-10-30	2026-11-16	-
Nov	2026-11-30	2026-12-15	-
Dec	2026-12-31	2027-01-15	-
All Year			$0.06

2025 Dividend Monthly

Month	Record Date	Payment Date	$/Share
Jan	2025-01-31	2025-02-18	$0.10
Feb	2025-02-28	2025-03-17	$0.10
Mar	2025-03-31	2025-04-15	$0.10
Apr	2025-04-30	2025-05-15	$0.10
May	2025-05-30	2025-06-16	$0.10
Jun	2025-06-30	2025-07-15	$0.10
Jul	2025-07-31	2025-08-15	$0.10
Aug	2025-08-29	2025-09-15	$0.10
Sep	2025-09-29	2025-10-15	$0.10
Oct	2025-10-31	2025-11-17	$0.10
Nov	2025-11-28	2025-12-15	$0.10
Dec	2025-12-31	2026-01-15	$0.06
All Year			$1.16

2024 Dividend Monthly

Month	Record Date	Payment Date	$/Share
Jan	2024-01-31	2024-02-15	$0.10
Feb	2024-02-29	2024-03-15	$0.10
Mar	2024-03-28	2024-04-15	$0.10
Apr	2024-04-30	2024-05-15	$0.10
May	2024-05-31	2024-06-17	$0.10
Jun	2024-06-28	2024-07-15	$0.10
Jul	2024-07-31	2024-08-15	$0.10
Aug	2024-08-30	2024-09-16	$0.10
Sep	2024-09-27	2024-10-15	$0.10
Oct	2024-10-31	2024-11-15	$0.10
Nov	2024-11-29	2024-12-16	$0.10
Dec	2024-12-31	2025-01-15	$0.10
All Year			$1.20

2023 Dividend Monthly

Month	Record Date	Payment Date	$/Share
Jan	2023-01-31	2023-02-15	$0.10
Feb	2023-02-28	2023-03-15	$0.10
Mar	2023-03-31	2023-04-17	$0.10
Apr	2023-04-28	2023-05-15	$0.10
May	2023-05-31	2023-06-15	$0.10
Jun	2023-06-30	2023-07-17	$0.10
Jul	2023-07-31	2023-08-15	$0.10
Aug	2023-08-31	2023-09-15	$0.10
Sep	2023-09-29	2023-10-16	$0.10
Oct	2023-10-31	2023-11-15	$0.10
Nov	2023-11-30	2023-12-15	$0.10
Dec	2023-12-29	2024-01-15	$0.10
All Year			$1.20

2022 Dividend Monthly

Month	Record Date	Payment Date	$/Share
Jan	2022-01-31	2022-02-15	$0.10
Feb	2022-02-28	2022-03-15	$0.10
Mar	2022-03-31	2022-04-18	$0.10
Apr	2022-04-29	2022-05-16	$0.10
May	2022-05-31	2022-06-15	$0.10
Jun	2022-06-30	2022-07-15	$0.10
Jul	2022-07-29	2022-08-15	$0.10
Aug	2022-08-31	2022-09-15	$0.10
Sep	2022-09-30	2022-10-17	$0.10
Oct	2022-10-31	2022-11-15	$0.10
Nov	2022-11-30	2022-12-15	$0.10
Dec	2022-12-30	2023-01-16	$0.10
All Year			$1.20

2021 Dividend Monthly

Month	Record Date	Payment Date	$/Share
Jan	2021-01-29	2021-02-16	$0.10
Feb	2021-02-26	2021-03-15	$0.10
Mar	2021-03-31	2021-04-15	$0.10
Apr	2021-04-30	2021-05-17	$0.10
May	2021-05-31	2021-06-15	$0.10
Jun	2021-06-30	2021-07-15	$0.10
Jul	2021-07-30	2021-08-16	$0.10
Aug	2021-08-31	2021-09-15	$0.10
Sep	2021-09-30	2021-10-15	$0.10
Oct	2021-10-29	2021-11-15	$0.10
Nov	2021-11-30	2021-12-15	$0.10
Dec	2021-12-31	2022-01-17	$0.10
All Year			$1.20

2020 Dividend Monthly

Month	Record Date	Payment Date	$/Share
Jan	2020-01-31	2020-02-18	$0.10
Feb	2020-02-28	2020-03-16	$0.10
Mar	2020-03-31	2020-04-15	$0.10
Apr	2020-04-30	2020-05-15	$0.10
May	2020-05-29	2020-06-15	$0.10
Jun	2020-06-30	2020-07-15	$0.10
Jul	2020-07-31	2020-08-17	$0.10
Aug	2020-08-31	2020-09-15	$0.10
Sep	2020-09-30	2020-10-15	$0.10
Oct	2020-10-30	2020-11-16	$0.10
Nov	2020-11-30	2020-12-15	$0.10
Dec	2020-12-31	2021-01-15	$0.10
All Year			$1.20

2019 Dividend Monthly

Month	Record Date	Payment Date	$/Share
Jan	2019-01-31	2019-02-15	$0.10
Feb	2019-02-28	2019-03-15	$0.10
Mar	2019-03-29	2019-04-15	$0.10
Apr	2019-04-30	2019-05-15	$0.10
May	2019-05-31	2019-06-17	$0.10
Jun	2019-06-28	2019-07-15	$0.10
Jul	2019-07-31	2019-08-15	$0.10
Aug	2019-08-30	2019-09-16	$0.10
Sep	2019-09-30	2019-10-15	$0.10
Oct	2019-10-31	2019-11-15	$0.10
Nov	2019-11-29	2019-12-16	$0.10
Dec	2019-12-31	2020-01-15	$0.10
All Year			$1.20

2018 Dividend Monthly

Month	Record Date	Payment Date	$/Share
Jan	2018-01-31	2018-02-15	$0.10
Feb	2018-02-28	2018-03-15	$0.10
Mar	2018-03-30	2018-04-16	$0.10
Apr	2018-04-30	2018-05-15	$0.10
May	2018-05-31	2018-06-15	$0.10
Jun	2018-06-29	2018-07-16	$0.10
Jul	2018-07-31	2018-08-15	$0.10
Aug	2018-08-31	2018-09-17	$0.10
Sep	2018-09-28	2018-10-16	$0.10
Oct	2018-10-31	2018-11-15	$0.10
Nov	2018-11-30	2018-12-14	$0.10
Dec	2018-12-31	2019-01-15	$0.10
All Year			$1.20

Preferred Shares

Preferred Shares – Series 1

The Series 1 dividend rate will reset on September 30, 2025 and every five years thereafter at a rate equal to the then five-year Government of Canada Bond yield plus 2.80%.

Preferred Shares – Series 2

The holders of Series 2 Preferred Shares are entitled to receive floating dividend of 2.80% over the annual yield on 90-day Government of Canada treasury bills, payable quarterly.

2026 Dividend Quarterly

Quarter	Record Date	Dividend Payment Date	NPI.PR.A $/Share	NPI.PR.B $/Share	Notice - PDF
Q1	Mar. 20	Mar. 31	-	-	-
Q2	June 22	June 30	-	-	-
Q3	Sept. 22	Sept. 30	-	-	-
Q4	Dec. 22	Dec. 31	-	-	-

2025 Dividend Quarterly

Quarter	Record Date	Dividend Payment Date	NPI.PR.A $/Share	NPI.PR.B $/Share
Q1	Mar. 20	Mar. 31	$0.2001	$0.3871
Q2	June 20	June 30	$0.2001	$0.3515
Q3	Sept. 22	Sept. 29	$0.2001	$0.3428
Q4	Dec. 22	Dec. 31	$0.3564	$0.3441

2024 Dividend Quarterly

Quarter	Record Date	Dividend Payment Date	NPI.PR.A $/Share	NPI.PR.B $/Share
Q1	Mar. 20	Mar. 28	$0.2001	$0.4887
Q2	June 20	June 28	$0.2001	$0.4849
Q3	Sept. 20	Sept. 27	$0.2001	$0.4833
Q4	Dec. 20	Dec. 31	$0.2001	$0.4417

2023 Dividend Quarterly

Quarter	Record Date	Dividend Payment Date	NPI.PR.A $/Share	NPI.PR.B $/Share
Q1	Mar. 20	Mar. 31	$0.2001	$0.4272
Q2	June 20	June 30	$0.2001	$0.4587
Q3	Sept. 20	Sept. 29	$0.2001	$0.4638
Q4	Dec. 20	Dec. 29	$0.2001	$0.5016

2022 Dividend Quarterly

Quarter	Record Date	Dividend Payment Date	NPI.PR.A $/Share	NPI.PR.B $/Share	NPI.PR.C $/Share
Q1	Mar. 21	Mar. 31	$0.2001	$0.1806	$0.3175
Q2	June 20	June 30	$0.2001	$0.2132	$0.3175
Q3	Sept. 20	Sept. 30	$0.2001	$0.2697	$0.3175
Q4	Dec. 20	Dec. 30	$0.2001	$0.3856	N/A

2021 Dividend Quarterly

Quarter	Record Date	Dividend Payment Date	NPI.PR.A $/Share	NPI.PR.B $/Share	NPI.PR.C $/Share
Q1	Mar 22	Mar 31	$0.2001	$0.1794	$0.3175
Q2	Jun 21	Jun 30	$0.2001	$0.1789	$0.3175
Q3	Sep 20	Sep 30	$0.2001	$0.1834	$0.3175
Q4	Dec 20	Dec 31	$0.2001	$0.1878	$0.3175

2020 Dividend Quarterly

Quarter	Record Date	Dividend Payment Date	NPI.PR.A $/Share	NPI.PR.B $/Share	NPI.PR.C $/Share
Q1	Mar 20	Mar 31	$0.2196	$0.2774	$0.3175
Q2	June 22	June 30	$0.2196	$0.2767	$0.3175
Q3	Sept 21	Sept 30	$0.2196	$0.1928	$0.3175
Q4	Dec 21	Dec 31	$0.2001	$0.1859	$0.3175

2019 Dividend Quarterly

Quarter	Record Date	Dividend Payment Date	NPI.PR.A $/Share	NPI.PR.B $/Share	NPI.PR.C $/Share
Q1	Mar 20	Mar 29	$0.2196	$0.2780	$0.3175
Q2	Jun 20	Jun 28	$0.2196	$0.2792	$0.3175
Q3	Sep 20	Sep 30	$0.2196	$0.2829	$0.3175
Q4	Dec 20	Dec 31	$0.2196	$0.2798	$0.3175

2018 Dividend Quarterly

Quarter	Record Date	Dividend Payment Date	NPI.PR.A $/Share	NPI.PR.B $/Share	NPI.PR.C $/Share
Q1	Mar 20	Mar 30	$0.2196	$0.2262	$0.3175
Q2	Jun 20	Jun 30	$0.2196	$0.2474	$0.3175
Q3	Sep 20	Sep 30	$0.2196	$0.2584	$0.3175
Q4	Dec 20	Dec 31	$0.2196	$0.2584	$0.3175