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

Algonquin Power & Utilities Corp. (NYSE:AQN) announced a quarterly dividend on Friday, November 6th. Investors of record on Thursday, December 31st will be given a dividend of $0.0650 per share by the utilities provider on Friday, January 15th. This represents a $0.26 annualized dividend and a 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% per year 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 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

Algonquin Power & Utilities stock opened at $5.51 on Friday. The stock has a market capitalization of $4.25 billion, a price-to-earnings ratio of 17.53 and a beta of 0.73. The stock has a 50-day simple moving average of $5.32 and a 200 day simple moving average of $5.94. Algonquin Power & Utilities has a 12-month low of $4.91 and a 12-month high of $7.11. The company has a quick ratio of 0.69, a current ratio of 0.88 and a debt-to-equity ratio of 1.28.

Algonquin Power & Utilities (NYSE:AQN) last issued its earnings results on Friday, November 6th. The utilities provider reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.10 by $0.01. Algonquin Power & Utilities had a return on equity of 5.16% and a net margin of 5.77%. The firm had revenue of $642.50 million for the quarter, compared to analyst estimates 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. On average, research analysts anticipate that Algonquin Power & Utilities will post 0.35 earnings per share for the current fiscal year.

Algonquin Power & Utilities Company Profile

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.