Algonquin Power & Utilities Corp. (TSE:AQN) Plans Dividend Increase – $0.47 Per Share

Algonquin Power & Utilities Corp. (TSE:AQNGet Rating) declared a quarterly dividend on Thursday, May 12th, Zacks reports. Stockholders of record on Thursday, June 30th will be given a dividend of 0.467 per share on Friday, July 15th. This represents a $1.87 dividend on an annualized basis and a dividend yield of 10.26%. The ex-dividend date of this dividend is Wednesday, June 29th. This is an increase from Algonquin Power & Utilities’s previous quarterly dividend of $0.21.

AQN stock opened at C$18.20 on Friday. The company has a market cap of C$12.26 billion and a P/E ratio of 34.60. Algonquin Power & Utilities has a 1 year low of C$17.14 and a 1 year high of C$20.19. The company has a debt-to-equity ratio of 82.26, a current ratio of 0.69 and a quick ratio of 0.39. The stock’s fifty day moving average price is C$19.06 and its 200-day moving average price is C$18.28.

Algonquin Power & Utilities (TSE:AQNGet Rating) last released its quarterly earnings results on Thursday, March 3rd. The company reported C$0.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.27. The firm had revenue of C$749.89 million during the quarter, compared to analysts’ expectations of C$761.72 million. As a group, analysts expect that Algonquin Power & Utilities will post 1.04 earnings per share for the current year.

Several equities analysts recently weighed in on AQN shares. National Bankshares downgraded Algonquin Power & Utilities to a “hold” rating in a research report on Wednesday, May 4th. National Bank Financial downgraded Algonquin Power & Utilities from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research report on Tuesday, May 3rd. Four equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to, the company has an average rating of “Buy” and an average price target of C$20.00.

Algonquin Power & Utilities Company Profile (Get Rating)

Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada, the United States, Chile, and Bermuda. It generates and sells electrical energy through renewable and clean energy power generation facilities.

See Also

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

Receive News & Ratings for Algonquin Power & Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algonquin Power & Utilities and related companies with's FREE daily email newsletter.