Algonquin Power owns and operates a diversified portfolio of regulated and non-regulated utilities in North America, with total assets of about $5 billion. The company’s regulated utility business provides water, electricity, and natural gas utility services to 560,000 customers. The company’s non-regulated electric generation subsidiary owns or has interest in renewable energy and thermal energy facilities representing 1,100 MW of installed capacity.
Income Investor
Sorry, you do not have access to this content.The other shoe has dropped. Investors were anticipating a dividend cut, and the company obliged by slashing its quarterly payout by 40%, to US$0.1085 (US$0.434 annually). Algonquin will also suspend its dividend reinvestment plan (DRIP).- Gordon Pape
Current Advice
Hold
Consult your broker/advisor
Capital Gain/Loss
-21.4%