AQN dividend – Algonquin Power & Utilities Corp Announces 0.1085 Cash Dividend
June 6, 2023
🌥️Dividends Yield
Algonquin Power & Utilities ($TSX:AQN) Corp announced a 0.1085 cash dividend on June 1, 2023. Investors looking for a reliable dividend-paying stock should strongly consider ALGONQUIN POWER & UTILITIES. In the past three years, the company has paid out an average of 0.65, 0.71 and 0.67 USD dividends per share respectively, giving them respective yields of 5.78%, 5.53% and 4.38%, with an overall average dividend yield of 5.23%. The ex-dividend date for their 2021–2023 period is June 29 2023.
This dividend is promising for investors looking for steady returns from a well-established company in the utilities sector. By investing now, you can benefit from the company’s reliable dividend payments while also gaining potential capital gains from the stock market appreciation.
Share Price
The news boosted the stock price of Algonquin Power & Utilities, which opened at CA$11.4 and closed at CA$11.5, up by 0.8% from prior closing price of 11.4. The announcement of the cash dividend was a positive sign for shareholders, as the company is showing commitment to returning value to its investors. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AQN. More…
| Total Revenues | Net Income | Net Margin |
| 2.81k | -41.41 | 10.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AQN. More…
| Operations | Investing | Financing |
| 487.09 | -1k | 496.71 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AQN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 17.93k | 10.55k | 7.95 |
Key Ratios Snapshot
Some of the financial key ratios for AQN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 20.3% | 13.2% | 5.6% |
| FCF Margin | ROE | ROA |
| -15.8% | 1.8% | 0.5% |
Analysis
At GoodWhale, we recently conducted an analysis of the financials of ALGONQUIN POWER & UTILITIES. After assessing the company’s financials, we have assigned a medium risk rating to this investment in terms of financial and business aspects. During our analysis, we have identified two risk warnings in the income sheet and balance sheet. If you are considering investing in this company, it is important that you take these warnings into consideration. To access the details of these risk warnings, register as a user with GoodWhale. More…
Peers
Algonquin Power & Utilities Corp is a leading renewable energy company with a strong focus on growth through acquisitions and development. The company has a diversified portfolio of renewable energy assets across North America and Europe. Clearway Energy Inc, CEZ a.s, Drax Group PLC are among its major competitors.
– Clearway Energy Inc ($NYSE:CWEN.A)
Clearway Energy Inc has a market cap of 3.7B as of 2022, a Return on Equity of 47.1%. The company is engaged in the business of providing power generation and storage services. It owns and operates a diversified fleet of renewable energy power plants in the United States.
– CEZ a.s ($LTS:0NZF)
CEZ a.s is a Czech Republic-based electricity producer and distributor. The Company operates through eight segments: Electricity Production, Transmission, Distribution, Trading, Coal Mining, New Technologies, Other Energy Sources and Services. The Electricity Production segment includes brown coal-fired, nuclear-powered and combined heat and power plants (CHPPs). The Transmission segment comprises high voltage and extra high voltage electricity transmission networks. The Distribution segment includes medium voltage electricity distribution networks. The Trading segment focuses on electricity trading, including retail and wholesale trade. The Coal Mining segment includes hard coal and lignite surface mines. The New Technologies segment engages in the development of new sources of energy. The Other Energy Sources segment focuses on the production of electricity from renewable sources. The Services segment offers a range of services.
– Drax Group PLC ($LSE:DRX)
Drax Group PLC is a holding company that, through its subsidiaries, engages in the generation and sale of electricity in the United Kingdom. The company generates electricity from biomass, coal, and gas-fired power stations. It also supplies electricity to businesses and households through the national grid. The company was founded in 1987 and is headquartered in London, the United Kingdom.
Summary
Investing in ALGONQUIN POWER & UTILITIES is a great option for those looking for a dividend stock. In the past 3 years, the company has issued an average dividend yield of 5.23%, with yields of 0.65, 0.71 and 0.67 USD, respectively. This makes it an attractive prospect for those looking for steady returns.
Furthermore, the stock has shown a good track record of consistent dividend payments, making it a safe long-term investment. With the dividends and potential capital gains, it is a great choice for any investor looking to diversify their portfolio.
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