Algonquin Power & Utilities Corp. (TSE:AQN) Announces Quarterly Dividend of $0.09

Algonquin Power & Utilities Corp. (TSE:AQN - Get Free Report) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Tuesday, December 31st will be paid a dividend of 0.088 per share on Wednesday, January 15th. This represents a $0.35 annualized dividend and a yield of 5.28%. The ex-dividend date is Tuesday, December 31st.

Algonquin Power & Utilities Stock Up 0.2 %

TSE AQN traded up C$0.01 during trading on Friday, reaching C$6.67. The company's stock had a trading volume of 1,909,000 shares, compared to its average volume of 2,784,246. The business has a 50-day moving average price of C$7.12 and a 200-day moving average price of C$7.93. Algonquin Power & Utilities has a 1-year low of C$6.51 and a 1-year high of C$9.28. The stock has a market capitalization of C$5.12 billion, a PE ratio of 30.27, a PEG ratio of 1.07 and a beta of 0.52. The company has a current ratio of 0.97, a quick ratio of 0.37 and a debt-to-equity ratio of 108.48.

Algonquin Power & Utilities (TSE:AQN - Get Free Report) last announced its earnings results 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. The firm had revenue of C$819.06 million during the quarter, compared to analysts' expectations of C$851.84 million. Algonquin Power & Utilities had a return on equity of 0.24% and a net margin of 4.70%. On average, research analysts forecast that Algonquin Power & Utilities will post 0.4650555 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Raymond James downgraded Algonquin Power & Utilities from a "moderate buy" rating to a "hold" rating in a research report on Monday, August 12th. Janney Montgomery Scott upgraded Algonquin Power & Utilities to a "hold" rating in a research note on Thursday, September 5th. National Bank Financial raised shares of Algonquin Power & Utilities from a "hold" rating to a "strong-buy" rating in a report on Monday, August 12th. Finally, Wells Fargo & Company lowered shares of Algonquin Power & Utilities from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 12th. Five analysts have rated the stock with a hold rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of C$6.25.

Algonquin Power & Utilities Company Profile

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.