Algonquin Power & Utilities Corp.
AQNUtilities · Utilities - Diversified · Stock · quarterly payer
Forward Yield
4.95%
Annual Dividend
$0.26
Payout Ratio
108%
5-Yr Growth
-15.6%
Ex-Date
Sep 29, 2026
Frequency
Quarterly
Key facts about AQN's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Algonquin Power & Utilities Corp. (AQN) has a forward dividend yield of 4.95%, based on an annual dividend of $0.26 per share and a share price of $5.25.
- As of Oct 18, 2026, AQN's dividend safety grade from SmarterDividends is D (46 out of 100), which rates the dividend as unsafe.
- AQN last cut its regular dividend in 2024.
- AQN's most recent ex-dividend date was Sep 29, 2026, for a dividend of $0.0650 per share.
- As of Oct 18, 2026, AQN pays out 108% of its trailing 12-month earnings as dividends (its payout ratio).
- AQN's dividend has shrunk at an average rate of 15.6% a year over the past five years.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for AQN is $6.12 per share, 17% above the $5.25 share price, so AQN screens as undervalued.
- Algonquin Power & Utilities Corp. (AQN) pays its dividend quarterly, 4 times a year.
- Algonquin Power & Utilities Corp. (AQN) has raised its regular dividend 10 times and cut it 3 times across the 50 payments on record since 2013. Its most recent change was a 40.4% cut to $0.0650 per share, going ex-dividend on Sep 27, 2024.
Cite this page
SmarterDividends, "AQN Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/AQN
Summary
As of Oct 18, 2026, Algonquin Power & Utilities Corp. (AQN) yields 4.95% ($0.26 a year per share) and has a dividend safety grade of D (46/100).
Is AQN a good dividend stock?
MixedAlgonquin Power & Utilities Corp. (AQN) pays a quarterly dividend yielding 4.95% ($0.26/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Advantages
Risks
- Cut its dividend in 2024
- Elevated payout ratio (108%)
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
- Below-average dividend safety score
Key Data
- Dividend Yield
- 4.95%
- Payout Ratio
- 108%
- Annual Dividend
- $0.26
- 5-Yr Avg Growth
- -15.6%
- Ex-Dividend Date
- Sep 29, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.91
- Market Cap
- $4.0B
- P/E Ratio
- 21.9
- 5-Yr Total Return
- -61%
- 52-Week Range
- $4.91 – $7.11
- Dividend Safety
- D · 46/100
- Ever Cut?
- Yes (2024)
AQN dividend raises and cuts
Algonquin Power & Utilities Corp. (AQN) has raised its regular dividend 10 times and cut it 3 times across the 50 payments on record since 2013. Its most recent change was a 40.4% cut to $0.0650 per share, going ex-dividend on Sep 27, 2024.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Sep 27, 2024 | Cut | $0.109 → $0.0650 | −40.4% |
| Mar 30, 2023 | Cut | $0.181 → $0.109 | −39.8% |
| Jun 29, 2022 | Raise | $0.171 → $0.181 | +5.8% |
| Jun 29, 2021 | Raise | $0.155 → $0.171 | +10.3% |
| Jun 29, 2020 | Raise | $0.141 → $0.155 | +9.9% |
| Jun 27, 2019 | Raise | $0.128 → $0.141 | +10.2% |
| Jun 28, 2018 | Raise | $0.117 → $0.128 | +9.4% |
| Mar 29, 2017 | Raise | $0.106 → $0.117 | +10.4% |
| Jun 28, 2016 | Raise | $0.0960 → $0.106 | +10.4% |
| Jun 26, 2015 | Raise | $0.0870 → $0.0960 | +10.3% |
| Dec 29, 2014 | Cut | $0.0880 → $0.0870 | −1.1% |
| Sep 26, 2014 | Raise | $0.0790 → $0.0880 | +11.4% |
Show all 13 changes since 2014
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jun 26, 2014 | Raise | $0.0770 → $0.0790 | +2.6% |
Frequently Asked Questions
Is AQN a good dividend stock?
Mixed. Algonquin Power & Utilities Corp. (AQN) pays a quarterly dividend yielding 4.95% ($0.26/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.
Is AQN undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, AQN's fair value is about $6.12 versus a $5.25 share price — so it looks undervalued (+17% vs. fair value).
Is AQN's dividend safe?
AQN has a dividend-safety grade of D (46/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2024, debt and yield-versus-history.
What is AQN's fair value?
Our blended fair-value estimate for AQN is about $6.12 per share, roughly 17% above the current $5.25 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is AQN a buy, hold, or sell?
We don't issue formal ratings, but on the data AQN screens as "mixed" and undervalued. Algonquin Power & Utilities Corp. (AQN) pays a quarterly dividend yielding 4.95% ($0.26/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.
Will AQN cut its dividend?
AQN earns a dividend-safety grade of D (46/100), and has cut its dividend before (last in 2024). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does AQN pay a dividend?
Yes. Algonquin Power & Utilities Corp. pays a quarterly dividend of about $0.26 per share annually, a forward yield of roughly 4.95%.
What is AQN's dividend yield?
As of Oct 18, 2026, AQN's forward dividend yield is 4.95%, based on a $0.26 annual dividend and a $5.25 share price.
What is AQN's dividend per share?
As of Oct 18, 2026, AQN pays $0.26 per share per year, distributed on a quarterly basis.
What is AQN's dividend payout ratio?
As of Oct 18, 2026, AQN's payout ratio is 108% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has AQN grown its dividend?
AQN does not currently have a long dividend-growth streak on record.
When is the next AQN ex-dividend date?
As of Oct 18, 2026, AQN's next ex-dividend date hasn't been announced. The most recent was Sep 29, 2026, for $0.0650 per share.
AQN Price — Last 12 Months
Daily close
Price Return
1 Year
-15%
3 Years
-15%
5 Years
-61%
52-Week Range
$4.91 – $7.11
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is AQN worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Algonquin Power & Utilities Corp. is $6.12 per share, versus a market price of $5.25. That implies 17% of upside — a margin of safety of about 14%.
Fair Value
$6.12
Current Price
$5.25
Upside
+17%
Margin of Safety
14%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 9.4% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.8% discount rate (CAPM), 9.4% growth for five years fading to 2.5% over the next five, $0.24 EPS, $0.26 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
AQN Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full AQN dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 29, 2026 | Oct 15, 2026 | $0.0650 | regular |
| Jun 30, 2026 | Jul 15, 2026 | $0.0650 | regular |
| Mar 31, 2026 | Apr 15, 2026 | $0.0650 | regular |
| Jun 30, 2025 | Jul 15, 2025 | $0.0650 | regular |
| Mar 31, 2025 | Apr 15, 2025 | $0.0650 | regular |
| Dec 31, 2024 | Jan 15, 2025 | $0.0650 | regular |
| Sep 27, 2024 | — | $0.0650 | regular |
| Jun 28, 2024 | Jul 15, 2024 | $0.1090 | regular |
| Mar 27, 2024 | Apr 15, 2024 | $0.1090 | regular |
| Dec 28, 2023 | Jan 15, 2024 | $0.1090 | regular |
| Sep 27, 2023 | Oct 13, 2023 | $0.1090 | regular |
| Jun 29, 2023 | Jul 14, 2023 | $0.1090 | regular |
| Mar 30, 2023 | Apr 14, 2023 | $0.1090 | regular |
| Dec 29, 2022 | Jan 13, 2023 | $0.1810 | regular |
Income Calculator
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