Algonquin Power & Utilities Corp. (AQN) to Issue Quarterly Dividend of $0.09 on October 15th

Algonquin Power & Utilities Corp. (TSE:AQN) announced a quarterly dividend on Friday, August 9th, Zacks reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.09 per share on Tuesday, October 15th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Friday, September 27th.

Algonquin Power & Utilities Price Performance

AQN stock opened at C$7.31 on Wednesday. The company has a debt-to-equity ratio of 108.48, a quick ratio of 0.37 and a current ratio of 0.97. Algonquin Power & Utilities has a 52-week low of C$6.75 and a 52-week high of C$9.30. The company has a market capitalization of C$5.61 billion, a P/E ratio of 33.23, a PEG ratio of 1.07 and a beta of 0.52. The company has a fifty day moving average price of C$7.74 and a 200-day moving average price of C$8.18.

Algonquin Power & Utilities (TSE:AQN) last issued its quarterly earnings data on Friday, August 9th. The company reported C$0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.11 by C$0.01. Algonquin Power & Utilities had a return on equity of 0.24% and a net margin of 4.70%. The company had revenue of C$819.06 million during the quarter, compared to the consensus estimate of C$851.84 million. As a group, equities analysts expect that Algonquin Power & Utilities will post 0.5019973 EPS for the current year.

Wall Street Analyst Weigh In

AQN has been the subject of a number of analyst reports. National Bank Financial raised shares of Algonquin Power & Utilities from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Raymond James lowered Algonquin Power & Utilities from a “moderate buy” rating to a “hold” rating in a research report on Monday, August 12th. Wells Fargo & Company cut Algonquin Power & Utilities from a “strong-buy” rating to a “hold” rating in a research note on Monday, August 12th. Finally, Janney Montgomery Scott raised shares of Algonquin Power & Utilities to a “hold” rating in a research report on Thursday, September 5th. Five research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of C$6.25.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp. operates in the power and utility industries in the United States, Canada, and other regions. The company operates in two segments, Regulated Services Group and Renewable Energy Group. The company primarily owns and operates a regulated electric, water distribution and wastewater collection, and natural gas utility systems and transmission operations.