Algonquin Power & Utilities (TSX:AQN) Dividend Payout Ratio : 0.57 (As of Dec. 2023)

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What is Algonquin Power & Utilities Dividend Payout Ratio?

Algonquin Power & Utilities's dividend payout ratio for the months ended in Dec. 2023 was 0.57.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Algonquin Power & Utilities Corp is 0.94, which seems too high.

The historical rank and industry rank for Algonquin Power & Utilities's Dividend Payout Ratio or its related term are showing as below:

TSX:AQN' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.84 Med: 1.23 Max: 1.35
Current: 0.94

During the past 13 years, the highest Dividend Payout Ratio of Algonquin Power & Utilities was 1.35. The lowest was 0.84. And the median was 1.23.

TSX:AQN's Dividend Payout Ratio is ranked worse than
79.69% of 192 companies
in the Utilities - Independent Power Producers industry
Industry Median: 0.39 vs TSX:AQN: 0.94

As of today (2024-04-30), the Dividend Yield % of Algonquin Power & Utilities is 6.90%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Algonquin Power & Utilities was 10.46%. The lowest was 3.30%. And the median was 4.44%.

Algonquin Power & Utilities's Dividends per Share for the months ended in Dec. 2023 was C$0.15.

During the past 12 months, Algonquin Power & Utilities's average Dividends Per Share Growth Rate was -39.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -8.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 0.80% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.40% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Algonquin Power & Utilities was 20.30% per year. The lowest was -33.80% per year. And the median was 9.55% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Algonquin Power & Utilities Dividend Payout Ratio Historical Data

The historical data trend for Algonquin Power & Utilities's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Algonquin Power & Utilities Dividend Payout Ratio Chart

Algonquin Power & Utilities Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.99

1.27

1.25

1.35

1.23

Algonquin Power & Utilities Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															1.81	0.69	2.29	1.81	0.57

Competitive Comparison of Algonquin Power & Utilities's Dividend Payout Ratio

For the Utilities - Renewable subindustry, Algonquin Power & Utilities's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Algonquin Power & Utilities's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Algonquin Power & Utilities's Dividend Payout Ratio falls into.

Algonquin Power & Utilities Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Algonquin Power & Utilities's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.587	/	0.479
	=	1.23

Algonquin Power & Utilities's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.151	/	0.266
	=	0.57

Algonquin Power & Utilities (TSX:AQN) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Algonquin Power & Utilities Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Algonquin Power & Utilities's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Algonquin Power & Utilities (TSX:AQN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Algonquin Power & Utilities Corp (TSX:AQN) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

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