Algonquin Power & Utilities Corp (TSE:AQN) Plans Dividend Increase – $0.15 Per Share

Algonquin Power & Utilities Corp (TSE:AQN) declared a quarterly dividend on Tuesday, November 14th, Zacks reports. Investors of record on Friday, December 29th will be given a dividend of 0.15 per share on Friday, January 12th. This represents a $0.60 annualized dividend and a yield of 4.49%. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from Algonquin Power & Utilities’s previous quarterly dividend of $0.12.

Algonquin Power & Utilities (TSE AQN) opened at C$13.36 on Thursday. Algonquin Power & Utilities has a one year low of C$11.15 and a one year high of C$14.40. The company has a market capitalization of $5,170.00, a price-to-earnings ratio of 27.27 and a beta of 0.39.

Several research firms recently commented on AQN. BMO Capital Markets reissued an “outperform” rating and set a C$16.00 target price on shares of Algonquin Power & Utilities in a research note on Monday, November 13th. CIBC upped their price objective on Algonquin Power & Utilities from C$15.50 to C$16.00 in a research report on Monday, November 13th. Royal Bank of Canada upped their price objective on Algonquin Power & Utilities from C$14.00 to C$15.00 and gave the stock an “outperform” rating in a research report on Monday, November 13th. Scotiabank reaffirmed an “outperform” rating and set a C$15.50 price objective on shares of Algonquin Power & Utilities in a research report on Monday, November 13th. Finally, Desjardins upped their price objective on Algonquin Power & Utilities from C$15.25 to C$16.00 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 assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of C$15.33.

TRADEMARK VIOLATION NOTICE: “Algonquin Power & Utilities Corp (TSE:AQN) Plans Dividend Increase – $0.15 Per Share” was published by Week Herald and is the property of of Week Herald. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://weekherald.com/2018/01/11/algonquin-power-utilities-corp-aqn-to-go-ex-dividend-on-december-28th.html.

About Algonquin Power & Utilities

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)

Receive News & Ratings for Algonquin Power & Utilities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Algonquin Power & Utilities and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply