OAKVILLE, ON, March 8,
2024 /CNW/ - Algonquin Power & Utilities Corp.
("AQN") (TSX: AQN) (TSX: AQN.PR.A) (TSX: AQN.PR.D) (NYSE: AQN)
announced today that its board of directors has approved and
declared the following common and preferred share dividends:
- US$0.1085 per common share,
payable on April 15, 2024, to the
shareholders of record on March 28,
2024, for the period from January 1,
2024 to March 31, 2024.
Registered shareholders can elect to receive the dividend in
Canadian dollars in the amount of C$0.1468.
- C$0.41100 per preferred share,
Series A, payable in cash on April 1,
2024 to preferred share, Series A holders of record on
March 15, 2024, for the period from
December 31, 2023 to, but excluding,
March 31, 2024.
- C$0.31819 per preferred share,
Series D, payable in cash on April 1,
2024 to preferred share, Series D holders of record on
March 15, 2024, for the period from
December 31, 2023 to, but excluding,
March 31, 2024.
Each of the foregoing dividends will be paid in cash. Effective
March 16, 2023, AQN suspended the
dividend reinvestment plan ("DRIP") for its common shares.
If AQN elects to reinstate the DRIP in the future,
shareholders who were enrolled in the DRIP at its suspension and
remain enrolled at reinstatement will automatically resume
participation in the DRIP.
The quarterly dividends payable on common shares are declared in
U.S. dollars. 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. Unless
the Canadian dollar equivalent is requested, holders of common
shares will receive dividends in U.S. dollars, which, as is often
the case, the financial intermediary may convert to Canadian
dollars. Registered holders of common shares receive dividend
payments in the currency of residency. Registered holders of common
shares may opt to change the payment currency by contacting TSX
Trust Company at 1-800-387-0825 prior to the record date of the
dividend.
The Canadian dollar equivalent of the quarterly common share
dividend is based on the Bank of Canada daily average exchange rate on the day
before the declaration date.
Pursuant to the Income Tax Act (Canada) and corresponding provincial
legislation, AQN hereby notifies holders of common shares,
preferred shares, Series A, and preferred shares, Series D that
such dividends declared qualify as eligible dividends.
About Algonquin Power &
Utilities Corp. and Liberty
Algonquin Power & Utilities Corp., parent company of
Liberty, is a diversified international generation, transmission,
and distribution utility with approximately $18 billion of total assets. AQN is committed to
providing safe, secure, reliable, cost-effective, and sustainable
energy and water solutions through its portfolio of electric
generation, transmission, and distribution utility investments to
over one million customer connections, largely in the United States and Canada. In addition, AQN owns, operates,
and/or has net interests in over 4 GW of installed renewable energy
capacity. AQN's common shares, preferred shares, Series A, and
preferred shares, Series D are listed on the Toronto Stock Exchange
under the symbols AQN, AQN.PR.A, and AQN.PR.D, respectively. AQN's
common shares, Series 2018-A subordinated notes, Series 2019-A
subordinated notes and equity units are listed on the New York
Stock Exchange under the symbols AQN, AQNB, and AQNU,
respectively.
Visit AQN at www.algonquinpower.com and follow us on Twitter
@AQN_Utilities.
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SOURCE Algonquin Power & Utilities Corp.