OAKVILLE, ON, 9 August 2024 /PRNewswire/ – Algonquin Power & Utilities Corp. (“AQN” or the “Company”) (TSX: AQN) (TSX: AQN.PR.A) (TSX: AQN.PR.D) (NYSE: AQN) today announced that its Board of Directors has declared the following dividends on common and preferred shares:
- 0.0650 US dollars per ordinary share, payable on October 15, 2024to the registered shareholders on 30 September 2024for the period from July 1, 2024 To 30 September2024. Registered shareholders may elect to receive the dividend in Canadian dollars of C$0.0893.
- C$0.41100 per Preferred Share, Series A, payable on October 1, 2024 on preferred shares, holders of Series A in 13 September 2024for the period from June 30, 2024 on, but exclusively, 30 September 2024.
- C$0.42831 per Preferred Share, Series D, payable on October 1, 2024 on preferred shares, holders of Series D in 13 September 2024for the period from June 30, 2024 on, but exclusively, 30 September 2024.
Each of the above dividends will be paid in cash. 16 March 2023AQN has suspended the Dividend Reinvestment Plan (“DRIP”) for its common stock. If AQN elects to reinstate the DRIP in the future, shareholders who participated in the DRIP when it was suspended and are still enrolled when it is reinstated will automatically re-enroll in the DRIP.
Quarterly dividends on common stock are declared in US dollars. Beneficiary shareholders (those who hold common stock through a financial intermediary) who are Canada or the United States may request payment of their dividends in U.S. dollars or the Canadian dollar equivalent by contacting the financial intermediary with which the Common Shares are held. Unless the Canadian dollar equivalent is requested, holders of Common Shares will receive dividends in U.S. dollars, which the financial intermediary may convert into Canadian dollars, as is often the case. Registered holders of Common Shares will receive dividend payments in their currency of residence. Registered holders of Common Shares may change the currency of payment by contacting the TSX Trust Company at 1-800-387-0825 prior to the dividend record date.
The Canadian dollar equivalent of the quarterly common share dividend is based on the Bank of Canada Average daily rate on the day before the declaration date.
According to the Income Tax Act (Canada) and applicable provincial laws, AQN hereby notifies the holders of Common Shares, Series A Preferred Shares and Series D Preferred Shares that the dividends declared are deemed to be entitled to dividends.
About Algonquin Power & Utilities Corp. and Liberty
Algonquin Power & Utilities Corp., Liberty’s parent company, is a diversified international energy company with approximately 18 billion US dollars of total assets. AQN is committed to providing safe, reliable, cost-effective and sustainable energy and water solutions through its portfolio of investments in power generation, transmission and distribution to over one million customer connections, mostly 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, 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. AQN’s common shares and Series 2019-A subordinated notes are listed on the New York Stock Exchange under the symbols AQN and AQNB, respectively.
Visit AQN at www.algonquinpower.com and follow us on X.com @AQN_Utilities.
SOURCE: Algonquin Power & Utilities Corp.
