Algonquin: Searching For Value After The Collapse, 7.1% Dividend Yield
Algonquin Power & Utilities (AQN) Seeking Alpha·2024-01-27 05:34
LITTLE DINOSAUR/Moment via Getty Images Algonquin Power & Utilities Corp. (NYSE:AQN) has lost roughly 17% of its value over the last year with total returns still poor at 12% following a $0.07 per share dividend reduction. The utility company last paid a quarterly cash dividend of $0.1085 per share, left unchanged sequentially and $0.434 per share annualized for a 7.12% dividend yield. I've owned a small position in the equity units of (NYSE:AQNU) for a while now, recommending them over the commons when I l ...