Algonquin Power & Utilities Corp. dividend history and coverage
Fiscal 2016–2025 dividends per share, payout of earnings and cash flow, and any decreases, read from Algonquin Power & Utilities Corp.'s own SEC filings. Data built 2026-11-01.
Dividend history
- Dividends per share (fiscal year)
- Year with a decrease
- Earnings per share (diluted)
Yield at today's price
The numbers, with their filings
| Fiscal year | Dividends/share | EPS (diluted) | Payout of EPS | FCF/share | Cash payout | Filing |
|---|---|---|---|---|---|---|
| FY2025 | 0.260 | 0.22 | 118% | -0.23 | not covered | annual report |
| FY2024 | 0.347 | -1.90 | not covered | -0.53 | not covered | annual report |
| FY2023 | 0.434 | 0.03 | >200% | -0.58 | not covered | annual report |
| FY2022 | 0.713 | -0.33 | not covered | -0.69 | not covered | annual report |
| FY2021 | 0.667 | 0.41 | 163% | -1.89 | not covered | annual report |
| FY2020 | 0.606 | 1.37 | 44% | -0.50 | not covered | annual report |
| FY2019 | 0.551 | 1.04 | 53% | 0.06 | >200% | 6-K |
| FY2018 | 0.501 | 0.38 | 132% | 0.14 | >200% | 40-F |
| FY2017 | 0.466 | 0.37 | 126% | -0.62 | not covered | 40-F |
| FY2016 | 0.414 | 0.33 | 125% | -0.30 | not covered | 6-K |
Dividends per share: as declared per common share in the company's annual reports. Free cash flow = operating cash flow − capital expenditures (as tagged); cash payout = common dividends paid ÷ free cash flow. All Algonquin Power & Utilities Corp. filings on EDGAR ↗
Data note. Dividends are declared in US dollars. Algonquin cut its dividend in January 2023 and again in August 2024.
Dividend decrease, in the company's words
Algonquin Power & Utilities Corp.: -40%
Quarterly dividend US$0.1808 → US$0.1085.
“AQN intends to lower its quarterly dividend from $0.1808 to $0.1085 per common share, improving financial flexibility”
Announced in an investor update alongside lower capital spending and a commitment to a BBB credit rating.
What the filings showed beforehand: payout of earnings FY2020 44%, FY2021 163%, FY2022 not covered; cash payout FY2020 not covered, FY2021 not covered, FY2022 not covered.
Algonquin Power & Utilities Corp.: -40.1%
Quarterly dividend US$0.1085 → US$0.0650.
“intended to create longer term value for shareholders as the Company focuses on improving its earnings and capital sustainability”
Announced with second-quarter 2024 results: a reduction of about 40%, to US$0.26 a year.
What the filings showed beforehand: payout of earnings FY2021 163%, FY2022 not covered, FY2023 >200%; cash payout FY2021 not covered, FY2022 not covered, FY2023 not covered.
What $1,000 of Algonquin dividends is worth after tax
Canadian resident (2026 estimate)
| Account | You keep | Why |
|---|---|---|
| Non-registered | $936 | Eligible-dividend gross-up and credits (assumes the dividend is designated eligible, as large Canadian public companies' dividends usually are; check your T5) |
| TFSA | $1,000 | Tax-free |
| RRSP / RRIF | $1,000 | No tax now; withdrawals are taxed later as ordinary income |
US taxpayer (2026 estimate)
Example: married filing jointly, $120,000 of other taxable income, 22% ordinary bracket.
| Account | You keep |
|---|---|
| Taxable brokerage | $850 |
| Roth IRA | $1,000 |
| Traditional IRA / 401(k) | $1,000* |
* Nothing is taxed when the dividend is paid; withdrawals are taxed later as ordinary income.
Assumes qualified-dividend treatment (holding period met). Canadian dividends paid to US residents generally have 15% Canadian tax withheld under the treaty, creditable on a US return; not modelled here. Use your own numbers.
Frequently asked questions
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