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

Algonquin Power & Utilities Corp. (NYSE:AQN) announced a quarterly dividend on Friday, March 6th. Investors of record on Tuesday, March 31st will be paid a dividend of 0.065 per share by the utilities provider on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, March 31st.

Algonquin Power & Utilities has decreased its dividend by an average of 0.1%per year 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. Research analysts expect Algonquin Power & Utilities to earn $0.31 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 83.9%.

Algonquin Power & Utilities Trading Down 10.8%

AQN stock traded down $0.74 during trading on Friday, hitting $6.14. The company had a trading volume of 12,492,280 shares, compared to its average volume of 4,989,838. The firm has a 50-day moving average price of $6.54 and a 200-day moving average price of $6.07. Algonquin Power & Utilities has a 12 month low of $4.29 and a 12 month high of $7.11. The company has a quick ratio of 0.98, a current ratio of 1.23 and a debt-to-equity ratio of 1.26. The stock has a market cap of $4.72 billion, a price-to-earnings ratio of -153.46 and a beta of 0.75.

Algonquin Power & Utilities (NYSE:AQN) last released its earnings results on Friday, March 6th. The utilities provider reported $0.06 EPS for the quarter, beating the consensus estimate of $0.05 by $0.01. The company had revenue of $630.70 million during the quarter, compared to analysts’ expectations of $625.77 million. Algonquin Power & Utilities had a positive return on equity of 5.14% and a negative net margin of 1.11%.The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period last year, the firm earned $0.06 EPS. 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. As a group, analysts predict that Algonquin Power & Utilities will post 0.38 earnings per share for the current year.

About Algonquin Power & Utilities

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.