2 Risky Dividend Stocks to Avoid (and 2 Safe Ones) [Yahoo! Finance Canada]
Algonquin Power & Utilities Corp. Common Shares (AQN)
Last algonquin power & utilities corp. common shares earnings: 2/27 07:54 pm
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Source: Yahoo! Finance Canada
But it's easy to go overboard and place your bet on stocks that might be too risky. It's more common with growth stocks than dividend stocks, but risky picks are present in both categories. Two risky dividend stocks Algonquin Power & Utilities TSX:AQN ) is a risky dividend stock in Canada because, despite many predictions otherwise, it slashed its payouts a second time in just three years. The first cut was in 2023, and the second was in 2024. The company was in significant financial trouble, which caused it to sell a substantial segment of its business. That, coupled with its dividend cuts, has alienated a lot of investors, and the stock has lost about two-thirds of its market value from its 2021 peak. Unlike Algonquin, the real estate investment trust (REIT) SmartCentres REIT TSX:SRU.UN ) hasn't slashed its dividends yet, but there was a trouble sign a few years earlier when the REIT stopped growing its payouts. The second danger sign is the incredibly high payout ratio to
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- Deal will lead to smaller increase for Liberty Utilities power customers [Yahoo! Finance]Yahoo! Finance
- Tuesday's Insider Report: CEOs are buying these three dividend stocks [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Algonquin Power & Utilities' (TSE:AQN) Earnings Are Weaker Than They Seem [Yahoo! Finance]Yahoo! Finance
- Algonquin Power & Utilities Third Quarter 2024 Earnings: Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Friday's analyst upgrades and downgrades [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The