Algonquin Power & Utilities (Algonquin Power & Utilities) 5-Year Yield-on-Cost % : 6.92 (As of May. 05, 2024)

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What is Algonquin Power & Utilities 5-Year Yield-on-Cost %?

Algonquin Power & Utilities's yield on cost for the quarter that ended in Dec. 2023 was 6.92.

The historical rank and industry rank for Algonquin Power & Utilities's 5-Year Yield-on-Cost % or its related term are showing as below:

AQN' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 3.43 Med: 4.62 Max: 10.89
Current: 6.92

During the past 13 years, Algonquin Power & Utilities's highest Yield on Cost was 10.89. The lowest was 3.43. And the median was 4.62.

AQN's 5-Year Yield-on-Cost % is ranked better than
68.8% of 234 companies
in the Utilities - Independent Power Producers industry
Industry Median: 3.9 vs AQN: 6.92

Competitive Comparison of Algonquin Power & Utilities's 5-Year Yield-on-Cost %

For the Utilities - Renewable subindustry, Algonquin Power & Utilities's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Algonquin Power & Utilities's 5-Year Yield-on-Cost % Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Algonquin Power & Utilities's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where Algonquin Power & Utilities's 5-Year Yield-on-Cost % falls into.

Algonquin Power & Utilities 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of Algonquin Power & Utilities is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

Algonquin Power & Utilities (NYSE:AQN) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.

Algonquin Power & Utilities 5-Year Yield-on-Cost % Related Terms

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Algonquin Power & Utilities (Algonquin Power & Utilities) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Algonquin Power & Utilities Corp (NYSE:AQN) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

AQNU:USA AGQPF.PFD:USA 751:Germany AQN.PR.D.PFD:Canada AQN.PR.A.PFD:Canada AQN:Canada

Address

354 Davis Road, Oakville, ON, CAN, L6J 2X1

Website

https://www.algonquinpower.com

Algonquin Power & Utilities Corp, a parent company of Liberty, is a diversified international generation, transmission, and distribution utility with over $16 billion of total assets. Through its two business groups, the Regulated Services Group and the Renewable Energy Group, AQN is committed to providing safe, secure, reliable, cost-effective, and sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. AQN provides renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities.