Friday, May 10, 2019

Dividend Increase – Algonquin Power & Utilities Corp (AQN)



Yesterday May 9, the Board of Directors of Algonquin Power & Utilities Corp. announced a quarterly dividend increase of from $ 0.1282 to $ 0.1410 per ordinary share that’s payable July 15, 2019 to holders of record June 28, 2019. This represents a 9.98% increase to regular quarterly dividends.

With current price CA$ 15.25 (yesterday's close), this raise brings their dividend yield to 4.95 %.



Since I own 500 shares of AQN, this will increase my portfolio's projected annual net dividend income by $ 19.07.

This increase raises my YOC to 6.29%.

Summary of 2019 Dividend Increases / Cuts

No.
Ticker
Increase %
Net Increase
Net Increase
No.
Ticker
Increase %
Net Increase
Net Increase



$



$
1
TSX:CU
7.48%
8.14
9.93
2
O
2.04%
3.00
3.42
3
OKE
0.58%
0.65
0.75
4
WEC
6.79%
1.47
1.68
5
KMB
3.00%
1.02
1.16
6
INTC
5.00%
15.81
17.88
7
 TELIA1
2.61% 
13.00 
14.82 
8
NCC
-50.00%
-86.22
-98.61
9
CVX
6.25%
10.90
12.52
10
UPM
13.04%
122.93
140.95
11
GILD
10.53%
5.47
6.26
12
ADM
4.48%
3.33
3.80
13
MMM
5.88%
1.25
1.43
14
BIP
6.91%
0,77
0,87
15
NESTE
34.12%
172.84
196.45
16
ORNBV
3.45%
11.17
12.70
17
KESKOB
6.36%
10.43
11.85
18
SAMPO
9.62%
28.86
32.77
19
TSX:BCE
4.97%
7.79
8.84
20
TEL2
10.00%
6.42
7.24
21
TROW
8.57%
8.72
9.83
22
SKT
1.43%
1.98
2.24
23
CSCO
6.06%
9.76
11.03
24
PEP
2.96%
7.25
8.19
25
KO
2,56%
3.94
4.47
26
KHC
-36.00%
-59.14
-67.05
27
DLR
6.93%
22.08
25.03
28
MGA
10.61%
4.60
5.22
29
TSX:RY
4.08%
9.60
10.89
30
TSX:BNS
2.35%
6.16
7.02
31
ETN
7.58%
3.93
4.47
32
MAIN
2.56%
3.93
4.47
33
TSX:CM
2.94%
1.19
1.36
34
TSX:TD
10.45%
25.07
28.51
35
O
0.22%
0.34
0.38
36
WPC
0.19%
0.37
0.42
37
WSM
11.63%
5.87
6.71
38
KMI
25.00%
26.38
29.80
39
UNA:AS
5.99%
5.53
6.21
40
OKE
0.58%
0.66
0.75
41
LAZ
6.82%
8.01
8.94
42
JNJ
5.56%
8.03
8.94
43
MAIN
2.50%
1.73
1.94
44
BAX
15.79%
4.80
5.36
45
CAH
1.01%
0.73
0.82
46
TSX:T
3.21%
6.21
6.96
47
AQN
9.98%
17.04
19.07






TOTAL






€473.79
$538.67

Increases have been reported by deducting a 25.5% capital income tax.






Click here to see my portfolio holdings.

You can follow the development of my dividends here.

Full Disclosure: Long AQN

Thanks for stopping by!

3 comments:

  1. Could you help me out with the current yield calculation?
    0,1410 x4 = 0,564 /15,25 = 3,69%.. im not sure where im going wrong..

    regards

    ReplyDelete
    Replies
    1. CA$ 0.1410 should be USD$ 0.1410...

      Delete
    2. Hi and thanks for your remark, fixed it now! The current yield is calculated by dividend of CA$ 0.1899.

      Cheers,
      DH

      Delete