Algonquin Pwr Utils Corp - AQNU STOCK NEWS

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Algonquin Power & Utilities Corp. (AQN) is a diversified international generation, transmission, and distribution utility with a significant presence in North America. With a market value of $3.6 billion, Algonquin serves over one million customer connections, primarily in the United States and Canada, through its two business segments: the Regulated Services Group and the Renewable Energy Group.

The Regulated Services Group provides rate-regulated water, electricity, and natural gas utility services to more than 485,000 customers in the United States. This segment focuses on delivering safe, reliable, and cost-effective utility solutions, ensuring a steady supply of essential services to its customer base.

The Renewable Energy Group stands out with its portfolio of contracted wind, solar, hydroelectric, and natural gas-powered generating facilities. This group has an installed capacity exceeding 1,100 MW across the United States and Canada, underlining Algonquin's commitment to sustainable energy solutions. The group is actively expanding its renewable energy projects, contributing to Algonquin's growth and environmental stewardship.

Algonquin Power & Utilities continues to demonstrate financial robustness and strategic growth through a balanced mix of organic development and strategic acquisitions. Recent achievements include the sale process launch for its high-quality renewable assets and extensive development pipeline. This move is expected to unlock significant value and potential for the company.

On November 10, 2023, Algonquin's board of directors approved and declared dividends for its common and preferred shares. The dividends are payable in cash and are declared in U.S. dollars, with an option for Canadian shareholders to receive the equivalent in Canadian dollars. The company has also suspended its Dividend Reinvestment Plan (DRIP) for common shares, with potential reinstatement in the future based on shareholder enrollment status.

Algonquin's common shares and preferred shares trade on the Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D. Additionally, the company'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.

With total assets nearing $18 billion, Algonquin is committed to providing sustainable energy and water solutions. The company’s ongoing projects and strategic initiatives reflect its dedication to growth, innovation, and environmental responsibility.

For more detailed and up-to-date information, visit Algonquin Power & Utilities.