Algonquin Power & Utilities Corp. Declares Quarterly Dividend of $0.07 (NYSE:AQN)

Algonquin Power & Utilities Corp. (NYSE:AQN) declared a quarterly dividend on Friday, May 8th. Investors of record on Tuesday, June 30th will be given a dividend of 0.065 per share by the utilities provider on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, June 30th.

Algonquin Power & Utilities has decreased its dividend by an average of 0.3%annually over the last three years. Algonquin Power & Utilities has a payout ratio of 72.2% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Algonquin Power & Utilities to earn $0.41 per share next year, which means the company should continue to be able to cover its $0.26 annual dividend with an expected future payout ratio of 63.4%.

Algonquin Power & Utilities Stock Performance

Shares of NYSE AQN opened at $6.02 on Friday. The company’s fifty day moving average price is $6.03 and its 200 day moving average price is $6.26. Algonquin Power & Utilities has a 1 year low of $5.32 and a 1 year high of $7.11. The company has a market capitalization of $4.63 billion, a PE ratio of 27.37 and a beta of 0.71. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.87 and a current ratio of 1.05.

Algonquin Power & Utilities (NYSE:AQN) last released its quarterly earnings data on Friday, May 8th. The utilities provider reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.02. The company had revenue of $713.69 million during the quarter, compared to analysts’ expectations of $713.69 million. Algonquin Power & Utilities had a net margin of 6.62% and a return on equity of 5.21%. During the same quarter in the previous year, the company earned $0.14 earnings per share. On average, research analysts predict that Algonquin Power & Utilities will post 0.36 earnings per share for the current year.

Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp (NYSE: AQN) is a diversified generation, transmission and distribution utility company headquartered in Oakville, Ontario. Established in 1988, the firm operates through two primary business segments: Regulated Utilities and Renewable Energy. Its Regulated Utilities segment comprises electric, natural gas and water distribution networks serving residential, commercial and industrial customers across North America, while its Renewable Energy portfolio includes hydroelectric, solar, wind and thermal generation facilities.

The company’s renewable energy assets span multiple jurisdictions in Canada and the United States, reflecting its strategy to expand clean power capacity in regions with supportive regulatory frameworks.