Algonquin Power Plans Quarterly Dividend of $0.08 (AQN)
Algonquin Power (TSE:AQN) declared a quarterly dividend on Thursday, March 14th. Shareholders of record on Thursday, March 28th will be given a dividend of $0.08 per share on Monday, April 15th. This represents a $0.31 dividend on an annualized basis and a yield of 4.03%.
Several analysts have also recently commented on the stock. Analysts at National Bank Financial raised their price target on shares of Algonquin Power from $7.00 to $7.25 in a research note to investors on Wednesday, February 13th. On a related note, analysts at CIBC reiterated an “outperform” rating on shares of Algonquin Power in a research note to investors on Wednesday, February 13th. They now have a $8.00 price target on the stock. Finally, analysts at Scotiabank reiterated a “sector outperform” rating on shares of Algonquin Power in a research note to investors on Tuesday, February 12th. They now have a $8.00 price target on the stock.
Shares of Algonquin Power (TSE: AQN) traded up 0.13% during mid-day trading on Thursday, hitting $7.74. Algonquin Power has a one year low of $5.62 and a one year high of $7.78. The stock’s 50-day moving average is currently $6.68. The company’s market cap is $1.308 billion.
Algonquin Power & Utilities Corp. (APUC) is engaged in ownership of power generation facilities and water, gas and energy utilities, through investments in securities of subsidiaries, including companies, limited partnerships and trusts.
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