Algonquin Power & Utilities Corp is a Canada-based diversified utility company that generates and distributes energy. The company provides services, such as water, electricity, and natural gas, to over 750,000 customers in the United States.
One of the main reasons to like this stock is that they are focused on generating clean energy. The company is engaged in generating clean energy through its portfolio of wind, solar, and hydroelectric facilities. It’s a forward-thinking company that is focused on the way of the future.
AQN is a great way to add renewable energy to your portfolio. What’s more is that the company is trading at a P/E ratio of less than 12, and the dividend yield is 4.42%. And according to Morningstar, the dividend payout ratio is listed at a healthy 40.82% of earnings.
Based on their track record of paying and raising the dividend, the payment looks safe, and the company seems well-positioned for the future.