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

Key Points

• Algonquin Power & Utilities declared a quarterly dividend of $0.065 per share, payable October 15 to shareholders of record September 29. The dividend equates to roughly $0.26 annually and a 4.5% yield.
• The company’s dividend appears supported by earnings, with a 72.2% payout ratio and an expected future payout ratio of 63.4%, although payments have declined by an average of 0.3% annually over the past three years.
• Algonquin reported quarterly EPS of $0.04, below the $0.05 consensus estimate. Analysts maintain a “Moderate Buy” consensus with an average $6.81 price target, compared with the stock’s reported $5.74 price.

Algonquin Power & Utilities Corp. (NYSE:AQN - Get Free Report) announced a quarterly dividend on Friday, August 7th. Stockholders of record on Tuesday, September 29th will be paid a dividend of 0.065 per share by the utilities provider on Thursday, October 15th. This represents a c) annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Tuesday, September 29th.

Algonquin Power & Utilities has decreased its dividend payment by an average of 0.3%annually over the last three years. Algonquin Power & Utilities has a dividend payout ratio of 72.2% meaning its dividend is sufficiently covered by earnings. Equities 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 traded down $0.01 during mid-day trading on Friday, reaching $5.74. The company had a trading volume of 5,635,876 shares, compared to its average volume of 4,575,505. 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 firm has a market cap of $4.41 billion, a price-to-earnings ratio of 26.07 and a beta of 0.70. The company's 50-day moving average price is $5.85 and its 200-day moving average price is $6.18. Algonquin Power & Utilities has a one year low of $5.32 and a one year high of $7.11.

Algonquin Power & Utilities (NYSE:AQN - Get Free Report) last announced its quarterly earnings data on Friday, August 7th. The utilities provider reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.01). Algonquin Power & Utilities had a net margin of 6.62% and a return on equity of 5.21%. During the same period in the prior year, the business earned $0.04 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, equities research analysts anticipate that Algonquin Power & Utilities will post 0.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have weighed in on AQN. Wells Fargo & Company initiated coverage on Algonquin Power & Utilities in a report on Tuesday, May 12th. They set an "equal weight" rating and a $7.00 target price for the company. Weiss Ratings reissued a "hold (c)" rating on shares of Algonquin Power & Utilities in a report on Friday, July 17th. Canadian Imperial Bank of Commerce raised their price objective on shares of Algonquin Power & Utilities from $6.25 to $6.50 and gave the company a "neutral" rating in a research report on Monday, April 20th. Finally, National Bank Financial decreased their target price on shares of Algonquin Power & Utilities from $7.25 to $7.00 and set an "outperform" rating on the stock in a report on Friday, July 3rd. Six analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $6.81.

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.

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