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

Algonquin Power & Utilities Corp. (NYSE:AQN) announced a quarterly dividend on Friday, May 8th. Stockholders of record on Tuesday, June 30th will be given 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 dividend yield of 4.3%. The ex-dividend date of this dividend 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 dividend payout ratio of 72.2% indicating that 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 Stock Performance

Shares of NYSE AQN opened at $6.02 on Friday. The company has a current ratio of 1.05, a quick ratio of 0.87 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $4.63 billion, a P/E ratio of 27.37 and a beta of 0.71. Algonquin Power & Utilities has a 12 month low of $5.32 and a 12 month high of $7.11. The stock has a 50 day moving average of $6.03 and a 200-day moving average of $6.26.

Algonquin Power & Utilities (NYSE:AQN) last posted its quarterly earnings results on Friday, May 8th. The utilities provider reported $0.13 earnings per share 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 analysts’ expectations of $713.69 million. During the same quarter in the prior year, the business earned $0.14 EPS. As a group, equities research analysts predict that Algonquin Power & Utilities will post 0.36 EPS for the current 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.