Current Yield
4.59%
TTM Dividend/Share
$0.26
Payment Frequency
Quarterly
Payout Ratio
123.6%
Consecutive Growth Years
0
Key takeaways
- Algonquin Power & Utilities (AQN) currently yields 4.59%, paying $0.26 per share over the trailing twelve months, distributed quarterly.
- Payout ratio is 123.6% — the share of earnings distributed as dividends.
- 1 of 7 dividend safety checks passed.
- 5-year dividend CAGR of -15.58% (growth is decelerating).
Dividend yield valuation for Algonquin Power & Utilities (AQN)
Current dividend yield vs its own 1Y / 3Y / 5Y historical averages — a rough valuation signal.
Valuation zone | Below average — potentially overvalued |
Current yield (now) | 4.59% |
1-year average yield | 4.56%now 0.03 pp above |
3-year average yield | 6.98%now 2.39 pp below |
5-year average yield | 6.70%now 2.11 pp below |
AQN: a yield above its history can signal value (or risk); below can signal a rich price. One valuation signal among many — review fundamentals before investing.
Dividend health for Algonquin Power & Utilities (AQN)
Cash-flow, leverage and returns metrics that signal whether the dividend is well-covered and sustainable.
Chowder score | -11.0% |
FCF payout ratio | 75.0% |
Net debt / EBITDA | 6.9x |
Interest coverage | 1.49x |
ROIC (TTM) | 3.5% |
Dividend safety score for Algonquin Power & Utilities (AQN)
Checks covering payout coverage, free-cash-flow support, leverage and dividend-growth durability.
1 of 7 checks passed
Payout ratio below 75%
Payout ratio is 123.6%, above the 75% threshold.
Free cash flow covers dividend
TTM FCF after dividends is $-312M — FCF does not fully cover the payout.
No dividend cuts in 10+ years
2 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
Only 0 consecutive year(s) of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 75.0%, above the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is 6.9x.
Dividend growth ≤ earnings growth (5Y)
N/A — earnings base is negative, CAGR not computable.
This analysis is for informational purposes only and is not financial advice. Safety scores and comparisons reflect historical data and do not predict future performance.
Per-payment dividend history
66 payments from 2009 to 2026 · Adj. Dividend is split-adjusted
| Jun 30, 2026 | Jul 15, 2026 | $0.0650 | $0.0650 |
| Mar 31, 2026 | Apr 15, 2026 | $0.0650 | $0.0650 |
| Dec 31, 2025 | Jan 15, 2026 | $0.0650 | $0.0650 |
| Sep 30, 2025 | Oct 15, 2025 | $0.0650 | $0.0650 |
| Jun 30, 2025 | Jul 15, 2025 | $0.0650 | $0.0650 |
| Mar 31, 2025 | Apr 15, 2025 | $0.0650 | $0.0650 |
| Dec 31, 2024 | Jan 15, 2025 | $0.0650 | $0.0650 |
| Sep 30, 2024 | Oct 15, 2024 | $0.0650 | $0.0650 |
| Jun 28, 2024 | Jul 15, 2024 | $0.1085 | $0.1085 |
| Mar 27, 2024 | Apr 15, 2024 | $0.1085 | $0.1085 |
| Dec 28, 2023 | Jan 15, 2024 | $0.1085 | $0.1085 |
| Sep 27, 2023 | Oct 13, 2023 | $0.1085 | $0.1085 |
- Jun 30, 2026$0.0650
- Mar 31, 2026$0.0650
- Dec 31, 2025$0.0650
- Sep 30, 2025$0.0650
- Jun 30, 2025$0.0650
- Mar 31, 2025$0.0650
- Dec 31, 2024$0.0650
- Sep 30, 2024$0.0650
- Jun 28, 2024$0.1085
- Mar 27, 2024$0.1085
- Dec 28, 2023$0.1085
- Sep 27, 2023$0.1085
Historical dividend yield for Algonquin Power & Utilities (AQN)
Mean trailing dividend yield using one ratio snapshot per calendar year.Mean yield1Y: 4.56%5Y: 6.70%10Y: 5.06%
Dividend per share for Algonquin Power & Utilities (AQN)
CAGR (per year)1Y: -25.07%5Y: -15.58%10Y: -3.63%↓ Decelerating
| Year | Total ($/share) | Payments |
|---|---|---|
| 2009 | $0.06 | 3 |
| 2010 | $0.06 | 1 |
| 2011 | $0.27 | 4 |
| 2012 | $0.29 | 4 |
| 2013 | $0.32 | 4 |
| 2014 | $0.33 | 4 |
| 2015 | $0.38 | 4 |
| 2016 | $0.41 | 4 |
| 2017 | $0.47 | 4 |
| 2018 | $0.50 | 4 |
| 2019 | $0.55 | 4 |
| 2020 | $0.61 | 4 |
| 2021 | $0.67 | 4 |
| 2022 | $0.71 | 4 |
| 2023 | $0.43 | 4 |
| 2024 | $0.35 | 4 |
| 2025 | $0.26 | 4 |
| 2026 | $0.13 | 2 |
Dividend growth for Algonquin Power & Utilities (AQN)
Year-over-year change in total annual dividend per share (split-adjusted, by ex-dividend year). Green is an increase, red a cut.
The table shows 11 year-over-year increases across 15 calendar years of data (2011–2025).
Dividend Increase Track Record
Year-over-year change in total annual DPS (dividends per share, split-adjusted), based on ex-dividend date.
| 2026 | $0.2600 | — | — |
| 2025 | $0.3470 | $0.2600 | -25.1% |
| 2024 | $0.4340 | $0.3470 | -20.0% |
| 2023 | $0.7130 | $0.4340 | -39.1% |
| 2022 | $0.6669 | $0.7130 | +6.9% |
| 2021 | $0.6063 | $0.6669 | +10.0% |
| 2020 | $0.5512 | $0.6063 | +10.0% |
| 2019 | $0.5011 | $0.5512 | +10.0% |
| 2018 | $0.4660 | $0.5011 | +7.5% |
| 2017 | $0.4139 | $0.4660 | +12.6% |
| 2016 | $0.3763 | $0.4139 | +10.0% |
| 2015 | $0.3313 | $0.3763 | +13.6% |
| 2014 | $0.3193 | $0.3313 | +3.8% |
| 2013 | $0.2950 | $0.3193 | +8.2% |
| 2012 | $0.2698 | $0.2950 | +9.3% |
| 2011 | — | $0.2698 | — |
- 2026—
- 2025$0.2600
- 2024$0.3470
- 2023$0.4340
- 2022$0.7130
- 2021$0.6669
- 2020$0.6063
- 2019$0.5512
- 2018$0.5011
- 2017$0.4660
- 2016$0.4139
- 2015$0.3763
- 2014$0.3313
- 2013$0.3193
- 2012$0.2950
- 2011$0.2698
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
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