Algonquin Power & Utilities Corp (AQN) Raises Dividend to $0.15 Per Share

Algonquin Power & Utilities Corp (TSE:AQN) declared a quarterly dividend on Tuesday, November 14th, Zacks reports. Shareholders of record on Friday, December 29th will be paid a dividend of 0.15 per share on Friday, January 12th. This represents a $0.60 dividend on an annualized basis and a yield of 4.55%. The ex-dividend date is Thursday, December 28th. This is a positive change from Algonquin Power & Utilities’s previous quarterly dividend of $0.12.

Algonquin Power & Utilities (AQN) opened at C$13.18 on Monday. The company has a market cap of $5,100.00, a PE ratio of 26.90 and a beta of 0.39. Algonquin Power & Utilities has a one year low of C$11.15 and a one year high of C$14.40.

AQN has been the subject of a number of research reports. TD Securities raised their price target on shares of Algonquin Power & Utilities from C$15.00 to C$16.00 in a report on Tuesday, October 24th. National Bank Financial raised their price target on shares of Algonquin Power & Utilities from C$16.00 to C$16.50 and gave the company an “outperform” rating in a report on Wednesday, December 6th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$16.00 price objective on shares of Algonquin Power & Utilities in a research note on Wednesday, December 6th. Royal Bank of Canada raised their price objective on shares of Algonquin Power & Utilities from C$14.00 to C$15.00 and gave the company an “outperform” rating in a research note on Monday, November 13th. Finally, Scotiabank reissued an “outperform” rating and set a C$15.50 price target on shares of Algonquin Power & Utilities in a research report on Monday, November 13th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of C$15.33.

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Algonquin Power & Utilities Company Profile

Algonquin Power & Utilities Corp. (APUC) is a Canada-based company engaged in owning and operating a portfolio of regulated and non-regulated generation, distribution and transmission utility assets. APUC’s operations are organized across three business units consisting of Generation, Transmission and Distribution.

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

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