Specific forward-looking statements contained herein include, but are not limited to statements regarding the expectations regarding the Company's ability to continue to deliver growth, services, solutions and shareholder value. APUC strives to deliver continuing growth and the pursuit of operational excellence in a sustainable manner through an expanding global pipeline of renewable energy, electric transmission, and water infrastructure development projects, organic growth within its rate-regulated generation, distribution and transmission businesses, and the pursuit of accretive acquisitions. Pursuant to the Income Tax Act (Canada) and corresponding provincial legislation, APUC hereby notifies its common shareholders that such dividends declared qualify as eligible dividends. Through its two business groups, Liberty Utilities and Liberty Power, APUC is committed to providing safe, reliable and cost effective rate-regulated natural gas, water, and electricity generation, transmission and distribution utility services to approximately 807,000 connections in the United States and Canada.
Finally, The Manufacturers Life Insurance Company raised its stake in shares of Algonquin Power & Utilities by 33.7% during the first quarter. Follow AQN. Algonquin Power & Utilities stock opened at $15.63 on Tuesday. These statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. As part of his transition, Mr. Jarratt has also retired from the Company's Board. TD Securities set a $17.00 target price on shares of Algonquin Power & Utilities and gave the company a buy rating in a research report on Monday, July 20th.
Finally, National Bank Financial set a $15.75 price target on shares of Algonquin Power & Utilities and gave the stock an outperform rating in a research report on Monday, July 20th. "I am excited about continuing to lead Algonquin into a new chapter of growth building upon Algonquin's success delivering mission critical utility services and renewable energy solutions.". They currently have an equal weight rating on the utilities provider’s stock. Algonquin Power & Utilities Corp. What are the disadvantages of after-hours trading? Hedge funds have recently bought and sold shares of the business. Shareholders receiving dividends in cash can elect to receive the dividend in Canadian dollars in the amount of C$0.2191.
"I am immensely grateful for Chris' leadership and all the contributions he has made over the years, and in particular the assistance he has provided to me personally, and wish him well in his future endeavors," stated APUC CEO Arun Banskota. TD Asset Management Inc. raised its stake in shares of Algonquin Power & Utilities by 37.4% during the second quarter. GQG Partners LLC raised its stake in shares of Algonquin Power & Utilities by 45.3% during the second quarter.
Unless the Canadian dollar equivalent is requested, shareholders will receive dividends in U.S. dollars, which, as is often the case, the financial intermediary may convert to Canadian dollars. Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Copyright © 2020 CNW Group Ltd. All Rights Reserved.
Since forward-looking statements relate to future events and conditions, by their nature they rely upon assumptions and involve inherent risks and uncertainties. It generates and sells electrical energy through non-regulated renewable and clean energy power generation facilities. Algonquin Power & Utilities had a return on equity of 8.01% and a net margin of 31.62%. APUC's common shares, Series A preferred shares, and Series D preferred shares are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively. Algonquin Power & Utilities’s dividend payout ratio (DPR) is presently 98.41%. Algonquin Power News . APUC strives to deliver continuing growth through an expanding global pipeline of renewable energy, electric transmission, and water infrastructure development projects, organic growth within its rate-regulated generation, distribution and transmission businesses, and the pursuit of accretive acquisitions. Algonquin Power & Utilities has a 12 month low of $9.53 and a 12 month high of $16.85. Visit APUC at www.algonquinpowerandutilities.com and follow us on Twitter @AQN_Utilities. The company has an average rating of Hold and an average target price of $15.88.
"Chris was a co-founder of the organization over thirty years ago and has played an instrumental role in the growth of the company to the large diversified utility company that it is today," said APUC Chairman Ken Moore.
Find the latest Algonquin Power & Utilities Cor (AQN) stock quote, history, news and other vital information to help you with your stock trading and investing. Institutional investors own 36.93% of the company’s stock.
Share Name Share Symbol Market Type; Algonquin Power: NYSE:AQN: NYSE: Common Stock Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade : 0.00: 0.0%: 13.79: 0: 09:00:00: Algonquin Power (AQN) News Headlines.
SOURCE Algonquin Power & Utilities Corp. © Canada Newswire, source Canada Newswire English, http://www.prnewswire.com/news-releases/algonquin-announces-retirement-of-vice-chair-christopher-jarratt-301149590.html. Algonquin Power & Utilities Corp., through its subsidiaries, owns and operates a portfolio of regulated and non-regulated generation, distribution, and transmission utility assets in Canada and the United States. Beneficial shareholders (those who hold common shares through a financial intermediary) who are resident in Canada or the United States may request to receive their dividends in either U.S. dollars or the Canadian dollar equivalent by contacting the financial intermediary with whom the common shares are held.
APUC's common shares, Series A preferred shares, and Series D preferred shares are listed on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D. The Canadian dollar equivalent of the quarterly dividend is based on the Bank of Canada daily average exchange rate on the day before the declaration date. Symmetry Partners LLC Purchases Shares of 2,247 Constellation Brands, Inc. Varma Mutual Pension Insurance Co Has $15.88 Million Stock Position in The Home Depot, Inc. Davis Rea LTD. Buys 564 Shares of The Home Depot, Inc. Avalon Investment & Advisory Has $60.22 Million Stake in The Home Depot, Inc. Plan Shares will be acquired by way of a Treasury Purchase at the average market price as defined in the Plan less a 5% discount. APUC's common shares, Series 2018-A subordinated notes and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN, AQNA and AQNB.
Sign up for free alerts to get the latest dividend news on Algonquin Power & Utilities Corp. (AQN) Algonquin Power Share News (AQN) Follow AQN. Read More: What are the disadvantages of after-hours trading? OAKVILLE, ON, Oct. 9, 2020 /CNW/ - Algonquin Power & Utilities Corp. ("APUC" or the "Company") (TSX: AQN) (NYSE: AQN) announced today that Christopher Jarratt will retire as Vice-Chair of the Company effective November 30, 2020. SECURITIES AND EXCHANGE COMMISSION.
A Cision company. OAKVILLE, ON, May 7, 2020 /CNW/ - Algonquin Power & Utilities Corp. ("APUC") (TSX/NYSE: AQN) announced today that the Board of Directors has approved a dividend increase of U.S. $0.0564 annually per common share to a total dividend of U.S. $0.6204 per common share, paid quarterly at a rate of U.S. $0.1551 per common share.
APUC's common shares, Series 2018-A subordinated notes and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN, AQNA and AQNB, respectively. APUC is a diversified international generation, transmission and distribution utility with approximately U.S. $11 billion of total assets. 15.97 0.11 (0.69%) Upgrade to Real-Time Afterhours (Closed) Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k) October 13 2020 - 06:02AM Edgar (US Regulatory) UNITED STATES. The business had revenue of $343.64 million during the quarter, compared to analysts’ expectations of $357.37 million. About Algonquin Power & Utilities Corp., Liberty Utilities, Liberty PowerAPUC is a diversified international generation, transmission and distribution utility with approximately U.S.$ 11 billion of total assets. A number of other equities research analysts also recently commented on AQN.
One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock.
The common share dividend will be paid in cash or, if a shareholder has enrolled in the shareholder dividend reinvestment plan (the "Plan"), dividends will be reinvested in additional common shares ("Plan Shares") of APUC as per the Plan. Raymond James set a $18.00 price target on shares of Algonquin Power & Utilities and gave the company a strong-buy rating in a report on Monday, August 17th. Sell. Mr. Jarratt's retirement is part of the Board's long-term senior leadership succession plan.
APUC also announced today that the Board of Directors has declared a dividend of U.S. $0.1551 per share on its common shares, payable on July 15, 2020, to the shareholders of record on June 30, 2020, for the period from April 1, 2020 to June 30, 2020. This represents a $1.23 dividend on an annualized basis and a yield of 7.88%.
Algonquin Power & Utilities (NYSE:AQN) had its target price raised by Morgan Stanley from $16.00 to $16.50 in a report released on Tuesday morning, AR Network reports. The company has a market cap of $9.28 billion, a price-to-earnings ratio of 16.11, a PEG ratio of 3.07 and a beta of 0.46. The Manufacturers Life Insurance Company now owns 2,814,328 shares of the utilities provider’s stock valued at $37,469,000 after purchasing an additional 709,096 shares in the last quarter. Get all Algonquin Power & Utilities Corp. (AQN) Dividend News.
Shareholders of record on Wednesday, September 30th were paid a $0.308 dividend. Toronto Dominion Bank raised its stake in shares of Algonquin Power & Utilities by 28.8% during the second quarter. "Chris has worked closely with Algonquin's CEO, Arun Banskota, to support the continuance of the Company's entrepreneurial spirit, track record of delivering growth and building long term shareholder value.". The quarterly dividends payable on common shares are declared in U.S. dollars. The utilities provider reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). Announces 10% Dividend Increase and Declares Second Quarter 2020 Common Share Dividend of U.S. $0.1551 (C$0.2191) Caution Regarding Forward-Looking InformationCertain written statements included herein constitute "forward-looking information" within the meaning of applicable securities laws in each of the provinces of Canada and the respective policies, regulations and rules under such laws and "forward-looking statements" within the meaning of applicable securities laws in the United States, including Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (collectively, "forward-looking statements").
Visit APUC at www.algonquinpowerandutilities.com and follow us on Twitter @AQN_Utilities.
Algonquin Power & Utilities (NYSE:AQN) last issued its quarterly earnings data on Thursday, August 13th. Posted by Stanley Muller on Oct 23rd, 2020. APUC is a global leader in renewable energy through its portfolio of long-term contracted wind, solar and hydroelectric generating facilities representing over 2 GW of installed capacity and more than 1.6 GW of incremental renewable energy capacity under construction. The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th.
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