The Globe and Mail reports in its Friday, Nov. 14, edition that Northland Power stunned investors with a 40-per-cent dividend cut, causing shares to drop 27 per cent and erasing nearly all market gains this year. The Globe's Tim Kiladze writes that until Wednesday, Northland's stock had risen 40 per cent this year as investors returned to the renewable energy sector after a significant sell-off. Yet as Northland's shares soared, the company and its new management faced questions about the dividend's sustainability because Northland was paying out more than it brought in. To reset the company's financial future, Northland's new chief executive officer, Christine Healy, announced the dividend cut, slashing the payout to 72 cents per share annually, down from $1.20. Ms. Healy said: "Changing the dividend is not something I wanted to do in my career. I have always resisted this, and I can tell you that I have resisted it here at Northland, too." Ms. Healy, who joined from Atkinsrealis Group (formerly SNC-Lavalin), said her goal is to deliver the "best value for shareholders" and that she is "convinced" changing the dividend is "the best way to do that."