Algonquin Power & Utilities Corp (TSE:AQN) announced a quarterly dividend on Thursday, May 9th, Zacks reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.19 per share on Monday, July 15th. This represents a $0.76 annualized dividend and a dividend yield of 4.65%. The ex-dividend date is Thursday, June 27th. This is a positive change from Algonquin Power & Utilities’s previous quarterly dividend of $0.17.

Shares of TSE:AQN traded down C$0.06 during trading on Tuesday, hitting C$16.35. The company had a trading volume of 226,967 shares, compared to its average volume of 1,108,233. The company has a market cap of $8.05 billion and a PE ratio of 38.02. Algonquin Power & Utilities has a one year low of C$12.45 and a one year high of C$16.60. The stock has a fifty day moving average price of C$15.88. The company has a debt-to-equity ratio of 91.63, a quick ratio of 0.83 and a current ratio of 1.29.

Algonquin Power & Utilities (TSE:AQN) last posted its quarterly earnings data on Thursday, May 9th. The company reported C$0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.27 by C($0.02). The firm had revenue of C$634.50 million during the quarter, compared to analyst estimates of C$664.96 million. As a group, research analysts anticipate that Algonquin Power & Utilities will post 0.7 EPS for the current year.

AQN has been the subject of several analyst reports. BMO Capital Markets set a C$13.00 price objective on Algonquin Power & Utilities and gave the company an “outperform” rating in a research note on Wednesday, June 5th. Raymond James reissued a “strong-buy” rating and set a C$13.00 price target on shares of Algonquin Power & Utilities in a research note on Friday, May 10th. Finally, JPMorgan Chase & Co. raised their price target on Algonquin Power & Utilities from C$13.00 to C$14.00 in a research note on Monday, March 4th.

About Algonquin Power & Utilities

Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada and the United States. It generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities.

Further Reading: What is a Special Dividend?

Dividend History for Algonquin Power & Utilities (TSE:AQN)

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