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!

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