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

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

Algonquin Power & Utilities has decreased its dividend payment by an average of 0.3% annually over the last three years. Algonquin Power & Utilities has a dividend payout ratio of 72.2% indicating that 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 AQN stock opened at $5.51 on Friday. The firm has a market capitalization of $4.25 billion, a PE ratio of 26.26 and a beta of 0.73. The firm has a fifty day simple moving average of $5.32 and a two-hundred day simple moving average of $5.94. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 1.28. Algonquin Power & Utilities has a 12 month low of $4.91 and a 12 month high of $7.11.

Algonquin Power & Utilities (NYSE:AQN) last announced its quarterly earnings results on Friday, November 6th. The utilities provider reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. Algonquin Power & Utilities had a net margin of 5.77% and a return on equity of 5.16%. The business had revenue of $642.50 million for the quarter, compared to analysts’ expectations of $647.20 million. 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. Analysts forecast that Algonquin Power & Utilities will post 0.35 EPS for the current fiscal year.

About Algonquin Power & Utilities

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.