Algonquin Power & Utilities Corp. (NYSE:AQN) Shareholders to Get $0.07 Quarterly Dividend

Algonquin Power & Utilities Corp. (NYSE:AQN – Get Free Report) declared a quarterly dividend on Friday, November 6th. Shareholders of record on Thursday, December 31st will be given a dividend of $0.0650 per share by the utilities provider on Friday, January 15th. This represents a $0.26 annualized dividend and a yield of 4.7%. The ex-dividend date is Thursday, December 31st.

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. 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 Trading Down 2.2%

AQN stock traded down $0.12 during mid-day trading on Friday, reaching $5.51. 13,183,871 shares of the stock traded hands, compared to its average volume of 4,448,803. The business has a 50-day moving average price of $5.32 and a two-hundred day moving average price of $5.94. The stock has a market capitalization of $4.25 billion, a PE ratio of 29.03 and a beta of 0.73. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.69 and a current ratio of 0.88. Algonquin Power & Utilities has a one year low of $4.91 and a one year high of $7.11.

Algonquin Power & Utilities (NYSE:AQN – Get Free Report) last issued its quarterly earnings results on Friday, November 6th. The utilities provider reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. Algonquin Power & Utilities had a return on equity of 5.16% and a net margin of 5.77%. Algonquin Power & Utilities has set its FY 2027 guidance at 0.380-0.420 EPS and its FY 2026 guidance at 0.350-0.370 EPS. Equities research analysts expect that Algonquin Power & Utilities will post 0.35 EPS for the current year.

Algonquin Power & Utilities News Roundup

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About Algonquin Power & Utilities

(Get Free Report)

Algonquin Power & Utilities Corp. is a Canadian utility company that owns and operates regulated electric, natural gas and water distribution businesses. Through its Liberty operating brands, the company provides essential utility services to residential, commercial and industrial customers in communities across the United States and Canada.

The company’s regulated utility operations include electricity distribution and generation, natural gas distribution, and water and wastewater services.

Further Reading

Dividend History for Algonquin Power & Utilities (NYSE:AQN)

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