Algonquin Power & Utilities Corp - AQN STOCK NEWS

Algonquin Power & Utilities Corp. (AQN) has announced a 10% increase in its annual common share dividend to U.S. $0.6824, payable quarterly at U.S. $0.1706 per share. The first payment will be made on July 15, 2021, to shareholders of record by June 30, 2021. Preferred Share dividends are also declared at C$0.32263 for Series A and C$0.31819 for Series D, both payable on June 30, 2021. Algonquin is committed to sustainable energy solutions with a focus on renewable sources and holds around $15 billion in total assets.

Algonquin Power & Utilities Corp. (AQN) will release its first quarter 2021 financial results on May 6, 2021, after market close. A conference call will follow on May 7, 2021, at 10:00 a.m. ET, hosted by CEO Arun Banskota and CFO Arthur Kacprzak. AQN, with approximately $13 billion in total assets, is focused on sustainable energy solutions and operates over 3 GW of installed capacity across its renewable energy projects.

Algonquin Power & Utilities Corp. (AQN) announced the appointment of Carol Leaman to its Board of Directors, enhancing its leadership diversity. Leaman, President & CEO of Axonify, Inc., brings extensive experience from the technology sector, aiming to contribute to the company’s growth. The board expects her insights to bolster ongoing success. AQN, with approximately $13 billion in assets, focuses on sustainable energy solutions through its regulated and renewable energy groups, serving over one million customers primarily in the U.S. and Canada.

Algonquin Power & Utilities Corp. (AQN) reported robust fourth quarter and full year 2020 results, showcasing significant year-over-year growth across all major financial metrics. Annual revenues reached $1,677.1 million, up 3%, with Adjusted Net Earnings increasing by 14% to $365.8 million. The company undertook a $9.4 billion capital expenditure plan aimed at sustaining this growth trajectory. Notably, AQN expanded its customer base beyond one million through strategic acquisitions and maintained resilience amid the COVID-19 pandemic, although the recent Midwest Extreme Weather Event is projected to impact earnings in 2021.

Algonquin Power & Utilities Corp. (AQN) declared preferred share dividends for Q1 2021. Series A shareholders will receive C$0.32263 per share, and Series D shareholders will receive C$0.31819. Both dividends are payable on March 31, 2021 to holders of record on March 15, 2021. These dividends qualify as eligible dividends under the Income Tax Act of Canada. AQN operates with $13 billion in total assets and focuses on providing sustainable energy solutions, boasting over 3 GW of installed capacity.

Algonquin Power & Utilities Corp. (AQN) has declared a quarterly dividend of U.S. $0.1551 per share on its common shares, payable on April 15, 2021, to shareholders on record as of March 31, 2021. Shareholders may choose to receive dividends in Canadian dollars at C$0.1959. AQN is a diversified utility with approximately $13 billion in assets and over 3 GW of installed capacity in renewable energy. The company emphasizes its commitment to sustainable energy solutions and operational excellence.

Algonquin Power & Utilities Corp. (AQN) has provided an operational update regarding the impacts of severe winter storms in Texas and central U.S. Despite challenges, its Regulated Services Group demonstrated strong network reliability. However, the storms restricted electricity production at certain Texas wind facilities, leading to potential elevated settlement prices for energy obligations. The estimated financial impact on 2021 Adjusted EBITDA is between $45 million and $55 million. AQN has declared force majeure and is working to resume normal operations swiftly, with updates expected on March 4, 2021.

Algonquin Power & Utilities Corp. (AQN) will release its fourth quarter and full year 2020 financial results on March 4, 2021, post-market close. A conference call will be held on March 5, 2021, at 10:00 a.m. ET, hosted by CEO Arun Banskota and CFO Arthur Kacprzak. AQN, with around $11 billion in total assets, operates as a diversified utility company focusing on renewable energy and sustainable solutions, serving over one million customer connections in the U.S. and Canada. The company continues to pursue operational excellence and growth through renewable energy projects and strategic acquisitions.

Algonquin Power & Utilities Corp. (AQN) hosted its 11th annual Analyst and Investor Day on December 14, 2020, sharing updates on its corporate strategy and financial position. The company announced a $9.4 billion capital plan for 2021-2025, focusing on renewable energy and operational excellence. Key achievements include acquisitions of ESSAL and BELCO, serving over one million customer connections, and major renewable projects totaling 1,600 MW. AQN expects Adjusted Net Earnings per share of $0.71 to $0.76 for 2021.