Algonquin Power & Utilities Corp.
AQNUtilities · Stock · quarterly payer
Forward Yield
4.56%
Annual Dividend
$0.26
Payout Ratio
108%
5-Yr Growth
-15.6%
Ex-Date
Sep 29, 2026
Frequency
Quarterly
Summary
As of August 2026, Algonquin Power & Utilities Corp. (AQN) yields 4.56% ($0.26 per share annually), with a blended fair-value estimate of $6.06 — +6% upside, so it screens as fairly valued. Dividend safety grade: D (46/100).
Is AQN a good dividend stock?
MixedAlgonquin Power & Utilities Corp. (AQN) pays a quarterly dividend yielding 4.56% ($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
- 4.56%
- 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
- 0.90
- Market Cap
- $4.4B
- P/E Ratio
- 23.8
- 5-Yr Total Return
- -61%
- 52-Week Range
- —
- Dividend Safety
- D · 46/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
AQN Price — Last 12 Months
Daily close
Price Return
1 Year
+6%
3 Years
-4%
5 Years
-61%
52-Week Range
—
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is AQN worth?
Fairly valuedmedium confidenceOur blended fair-value estimate for Algonquin Power & Utilities Corp. is $6.06 per share, versus a market price of $5.70. That implies the stock is roughly fairly priced.
Fair Value
$6.06
Current Price
$5.70
Gap
+6%
Margin of Safety
6%
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.
Assumptions: 8.8% discount rate (CAPM), 10.1% stage-1 growth, 2.5% terminal growth, $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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 30, 2026 | — | $0.0650 | regular |
| Mar 31, 2026 | — | $0.0650 | regular |
| Jun 30, 2025 | — | $0.0650 | regular |
| Mar 31, 2025 | — | $0.0650 | regular |
| Dec 31, 2024 | — | $0.0650 | regular |
| Sep 27, 2024 | — | $0.0650 | regular |
| Jun 28, 2024 | — | $0.1090 | regular |
| Mar 27, 2024 | — | $0.1090 | regular |
| Dec 28, 2023 | — | $0.1090 | regular |
| Sep 27, 2023 | — | $0.1090 | regular |
| Jun 29, 2023 | — | $0.1090 | regular |
| Mar 30, 2023 | — | $0.1090 | regular |
| Dec 29, 2022 | — | $0.1810 | regular |
| Sep 28, 2022 | — | $0.1810 | regular |
Income Calculator
At $0.26 / yr per share
