Algonquin Power & Utilities Corp. is an investment holding company, which engages in energy generation and water distribution facilities. It operates through the Regulated Services Group and Renewable Energy Group segments. The Regulated Services Group segment owns and operates a portfolio of electric, natural gas, water distribution, and wastewater collection utility systems and transmission. The Renewable Energy Group segment focuses on operating a diversified portfolio of renewable and thermal electric generation assets. The company was founded on August 1, 1988 and is headquartered in Oakville, Canada.
Algonquin Power & Utilities Dividend Announcement
• Algonquin Power & Utilities announced a quarterly dividend of $0.57 per ordinary share which will be made payable on 2025-01-02. Ex dividend date: 2024-12-13
• Algonquin Power & Utilities annual dividend for 2024 was $1.95
• Algonquin Power & Utilities annual dividend for 2023 was $1.55
• Algonquin Power & Utilities's trailing twelve-month (TTM) dividend yield is 9.31%
• Algonquin Power & Utilities's payout ratio for the trailing twelve months (TTM) is -94.44%
Algonquin Power & Utilities Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-13 | $0.57 | quarterly | 2025-01-02 |
2024-09-13 | $0.61 | quarterly | 2024-10-01 |
2024-06-14 | $0.39 | quarterly | 2024-07-01 |
2024-03-14 | $0.39 | quarterly | 2024-04-01 |
2023-12-14 | $0.39 | quarterly | 2024-01-02 |
2023-09-14 | $0.39 | quarterly | 2023-09-29 |
2023-06-14 | $0.39 | quarterly | 2023-07-01 |
2023-03-14 | $0.39 | quarterly | 2023-04-01 |
2022-12-14 | $0.39 | quarterly | 2023-01-01 |
2022-09-14 | $0.39 | quarterly | 2022-10-01 |
2022-06-14 | $0.39 | quarterly | 2022-07-01 |
2022-03-14 | $0.39 | quarterly | 2022-04-01 |
2021-12-14 | $0.39 | quarterly | 2022-01-01 |
2021-09-14 | $0.39 | quarterly | 2021-10-01 |
2021-06-14 | $0.39 | quarterly | 2021-07-01 |
2021-03-12 | $0.39 | quarterly | 2021-04-01 |
2020-12-14 | $0.39 | quarterly | 2021-01-01 |
2020-09-14 | $0.39 | quarterly | 2020-10-01 |
2020-06-12 | $0.39 | quarterly | 2020-07-01 |
2020-03-12 | $0.39 | quarterly | 2020-04-01 |
2019-12-12 | $0.39 | quarterly | 2020-01-01 |
2019-09-12 | $0.39 | quarterly | 2019-10-01 |
2019-06-13 | $0.16 | quarterly | 2019-07-01 |
Algonquin Power & Utilities Dividend per year
Algonquin Power & Utilities Dividend growth
Algonquin Power & Utilities Dividend Yield
Algonquin Power & Utilities current trailing twelve-month (TTM) dividend yield is 9.31%. Interested in purchasing Algonquin Power & Utilities stock? Use our calculator to estimate your expected dividend yield:
Algonquin Power & Utilities Financial Ratios
Algonquin Power & Utilities Dividend FAQ
Other factors to consider when evaluating Algonquin Power & Utilities as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Algonquin Power & Utilities's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Algonquin Power & Utilities publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Algonquin Power & Utilities distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Algonquin Power & Utilities are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Algonquin Power & Utilities sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Algonquin Power & Utilities distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Algonquin Power & Utilities declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Algonquin Power & Utilities's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Algonquin Power & Utilities's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.