Algonquin Power & Utilities Corp. (AQN) to Issue Quarterly Dividend of $0.07 on July 15th

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

Algonquin Power & Utilities has decreased its dividend payment by an average of 0.3%per year 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

NYSE AQN opened at $6.02 on Friday. The company has a quick ratio of 0.87, a current ratio of 1.05 and a debt-to-equity ratio of 1.26. Algonquin Power & Utilities has a fifty-two week low of $5.32 and a fifty-two week high of $7.11. The business has a fifty day moving average of $6.03 and a 200-day moving average of $6.26. The stock has a market cap of $4.63 billion, a price-to-earnings ratio of 27.37 and a beta of 0.71.

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