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

Algonquin Power & Utilities Corp. (TSE:AQN) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.088 per share on Wednesday, January 15th. This represents a $0.35 annualized dividend and a dividend yield of 5.47%. The ex-dividend date of this dividend is Tuesday, December 31st.

Algonquin Power & Utilities Price Performance

Shares of TSE AQN opened at C$6.43 on Friday. 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 fifty-two week low of C$6.12 and a fifty-two week high of C$9.28. The stock has a market cap of C$4.93 billion, a PE ratio of 29.23, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. The stock has a fifty day moving average of C$6.67 and a 200-day moving average of C$7.43.

Wall Street Analysts Forecast Growth

Separately, Janney Montgomery Scott upgraded Algonquin Power & Utilities to a “hold” rating in a research report on Thursday, September 5th. Four investment analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of C$5.50.

Insiders Place Their Bets

In related news, Director David Levenson acquired 62,000 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of C$6.45 per share, with a total value of C$399,900.00. Also, Director Dilek Samil sold 17,400 shares of the stock in a transaction on Monday, December 16th. The shares were sold at an average price of C$6.46, for a total value of C$112,421.40. Corporate insiders own 0.06% of the company’s stock.

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.