Algonquin Power owns and operates a diversified portfolio of regulated and non-regulated utilities in North America, with total assets of about $5 billion. The company’s regulated utility business provides water, electricity, and natural gas utility services to 560,000 customers. The company’s non-regulated electric generation subsidiary owns or has interest in renewable energy and thermal energy facilities representing 1,100 MW of installed capacity.
Income Investor
The shares bottomed out at $6.75 in October and have since recovered to $8.66. The yield, based on the lower dividend, is 6.8%. Fourth quarter earnings were $0.16 a share, so the dividend appears well covered for now. - Gordon Pape
Current Advice
Hold
Consult your broker/advisor
Capital Gain/Loss
-30.5
Interactive Performance Chart
AQN was first recommended here on July 28, 2016