Algonquin Power & Utilities Corp. (AQN) To Go Ex-Dividend on December 31st

Algonquin Power & Utilities Corp. (NYSE:AQN) declared a quarterly dividend on Friday, November 7th. Investors of record on Wednesday, December 31st will be given a dividend of 0.065 per share by the utilities provider on Thursday, January 15th. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Wednesday, December 31st.

Algonquin Power & Utilities has decreased its dividend payment by an average of 0.1%annually over the last three years. Algonquin Power & Utilities has a payout ratio of 72.2% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Down 0.9%

Shares of AQN opened at $6.18 on Monday. 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 company has a 50-day moving average price of $5.96 and a two-hundred day moving average price of $5.83. The stock has a market cap of $4.74 billion, a price-to-earnings ratio of -154.34 and a beta of 0.76. Algonquin Power & Utilities has a 12 month low of $4.19 and a 12 month high of $6.48.

Algonquin Power & Utilities (NYSE:AQN) last issued its earnings results on Friday, November 7th. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. The business had revenue of $600.80 million during the quarter, compared to analysts’ expectations of $596.67 million. Algonquin Power & Utilities had a positive return on equity of 5.14% and a negative net margin of 1.11%.During the same period in the prior year, the firm posted $0.08 EPS. Equities analysts predict that Algonquin Power & Utilities will post 0.38 EPS 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.