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The Canadian stock market is setting new highs this week! Don’t you worry, though. Here are two undervalued dividend stocks you can consider today.
An undervalued dividend stock
First, there’s
Northland Power(TSX:NPI), which is a global company that produces electricity from power-producing facilities that use clean energy sources. Its operating assets are primarily under long-term power-purchase agreements or other revenue arrangements with creditworthy customers. Therefore, its portfolio with assets in Canada, Germany, the Netherlands, and Colombia produces stable cash flow.
As of the end of March, Northland Power had a net economic interest in 2,266 MW of power-producing facilities with a total operating capacity of roughly 2,681 MW.
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