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Derived from payout historyIncome reliability
Quarterly income profile is visible
AQN.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.
Market dataIncome framework read
Dividend CompanyTSXCanada
AQN.TO
Algonquin Power & Utilities
UtilitiesPlain dividendQuarterly
Market Snapshot
$8.04
-$0.02 (-24.81%)
Toronto
Yield
4.53%
Rate $0.36
Next Payment
—
Ex-date 2026-09-29
52wk Position
32.10%
-17.03% below high
Updated —
Decision Area
Distribution and DRIP Defense
Payout history, default DRIP coverage, and price creep pressure using market data where available.
Distribution Chart
Last 12 payments
Confirmed Expected
Coverage Ratio Test
DRIP defense check
- Cash
- $9.00
- APR
- 1.119
- Coverage
- 1.119
Defended baseline. Healthy DRIP rung with comfortable margin.
Price Creep
Defended price ceiling
- Max defended
- $9.00
- Cushion
- $0.96
- Cushion %
- 11.94%
Current $8.04Break $9.00
Smart Recommendation
AQN.TO is inside the defended DRIP zone at these inputs; monitor price creep before adding new capital.
Research Signals
Payout sustainability
Moderate
3mo agoDRIP availability
Plan-only
3mo agoTax character
Mixed
3mo agoDistribution history
5–10 yr track
3mo agoStructure complexity
Moderate
3mo agoIncome trend
Declining
3mo agoAccount suitability
Non-reg: eligible div
3mo agoStructure Overview
Algonquin Power & Utilities (AQN) is a diversified renewable energy and regulated utility company with operations in Canada and the United States. AQN cut its dividend significantly in 2023 after a period of overextension during the low-rate environment, and is repositioning its asset base. The post-cut dividend is at a lower but potentially more sustainable level.
Canadian Planning Notes
- 1AQN's 2023 dividend cut is a material data point; plan around the post-reset payout trajectory and the asset-sale program rather than historical pre-cut levels.
- 2Mixed distribution components (eligible dividends plus U.S. utility income) may produce varying T3 slips; verify annually.
- 3DRIP availability may be limited at some brokers following the restructuring; confirm plan status before assuming reinvestment.
Market Facts
Market Data
A factual market, distribution, valuation, and financial snapshot for this holding.
Canadian Context
Account placement
Non-registered
Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.
TFSA: Tax-free growth and withdrawals.
RRSP: Tax-deferred growth, with withdrawals taxed as regular income.
Eligible dividend tax credit
- Total credit
- $345.27
- Effective rate
- 34.53%
Broker DRIP status
Questrade
Available
Wealthsimple
Available
RBC Direct Investing
Available
TD Direct Investing
Available
Run Your Numbers
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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.