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Algonquin Power & Utilities Corp. announced second quarter 2024 dividends: US$0.1085 per common share payable on July 15, 2024, and C$0.41100 and C$0.42831 per preferred shares, Series A and D respectively, payable on July 2, 2024. The dividends will be paid in cash, and the DRIP for common shares was suspended in March 2023. Shareholders can choose to receive dividends in either U.S. dollars or Canadian dollars.
Algonquin Power & Utilities Corp. appointed Chris Huskilson as CEO, emphasizing strategic transformation and cost reduction. The company reported positive growth in Q1 financial results but also a decrease in adjusted net earnings. Various financing transactions closed to support business simplification and growth. The CEO highlighted progress on strategic initiatives and future plans.
