Algonquin Power & Utilities Corp (AQN) Declares Dividend Increase – $0.17 Per Share

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Algonquin Power & Utilities Corp (TSE:AQN) announced a quarterly dividend on Thursday, August 9th, Zacks reports. Shareholders of record on Friday, September 28th will be paid a dividend of 0.167 per share on Friday, October 12th. This represents a $0.67 annualized dividend and a yield of 4.86%. The ex-dividend date is Thursday, September 27th. This is an increase from Algonquin Power & Utilities’s previous quarterly dividend of $0.17.

AQN stock traded up C$0.12 during midday trading on Friday, hitting C$13.75. The company’s stock had a trading volume of 3,431,974 shares, compared to its average volume of 1,089,349. Algonquin Power & Utilities has a twelve month low of C$12.18 and a twelve month high of C$14.40.

Algonquin Power & Utilities (TSE:AQN) last issued its quarterly earnings results on Thursday, August 9th. The company reported C$0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.11 by C$0.03. Algonquin Power & Utilities had a net margin of 11.03% and a return on equity of 8.59%. The firm had revenue of C$472.67 million for the quarter, compared to analyst estimates of C$430.80 million.

In other news, insider Michael Gerald Snow sold 7,785 shares of Algonquin Power & Utilities stock in a transaction dated Wednesday, June 27th. The shares were sold at an average price of C$12.85, for a total value of C$100,037.25.

Algonquin Power & Utilities Company Profile

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. The company generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities.

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

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