Algonquin Power & Utilities (AQN)
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Algonquin Power & Utilities Corp. Declares Fourth Quarter 2024 Common Share Dividend of U.S.$0.0650 (C$0.0901), and Declares Fourth Quarter 2024 Preferred Share Dividends
Prnewswire· 2024-11-07 11:30
Core Points - Algonquin Power & Utilities Corp. (AQN) has declared dividends for common and preferred shares, with a common share dividend of US$0.0650 payable on January 15, 2025, and preferred share dividends of C$0.41100 for Series A and C$0.42831 for Series D, both payable on December 31, 2024 [1][2][4] Group 1 - The common share dividend is payable to shareholders of record on December 31, 2024, for the period from October 1, 2024, to December 31, 2024 [1] - Preferred share dividends for Series A and Series D are payable to holders of record on December 13, 2024, for the period from September 30, 2024, to December 31, 2024 [1][2] - AQN suspended its dividend reinvestment plan (DRIP) for common shares effective March 16, 2023, with potential reinstatement in the future [2] Group 2 - Dividends on common shares are declared in U.S. dollars, with beneficial shareholders in Canada or the U.S. able to request payment in either U.S. dollars or Canadian dollars [3] - Registered holders of common shares receive dividends in the currency of residency and can change the payment currency by contacting TSX Trust Company [3][4] - The Canadian dollar equivalent of the common share dividend is based on the Bank of Canada daily average exchange rate on the day before the declaration date [4] Group 3 - Algonquin Power & Utilities Corp. has approximately $18 billion in total assets and provides energy and water solutions to over one million customer connections, primarily in the U.S. and Canada [5] - The company owns, operates, and has net interests in over 4 GW of installed renewable energy capacity [5] - AQN's shares are listed on the Toronto Stock Exchange and the New York Stock Exchange under various symbols [5]
Analysts Estimate Algonquin Power & Utilities (AQN) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2024-10-31 15:07
The market expects Algonquin Power & Utilities (AQN) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 7, 2024, might help the stock move higher if the ...
Algonquin Power: Has Growth Potential, But Patience Will Be Needed
Seeking Alpha· 2024-10-27 10:38
Core Viewpoint - Algonquin Power & Utilities Corp. is streamlining its operations by divesting renewable assets to focus on Regulated Services, which are anticipated to yield stable and predictable profits along with dividends [1]. Group 1: Business Strategy - The company is simplifying its business model by concentrating solely on Regulated Services [1]. - Divestment of renewable assets is a strategic move aimed at enhancing operational efficiency and profitability [1]. Group 2: Financial Outlook - Regulated Services are expected to provide stable and predictable profits, which is a key factor in the company's long-term financial strategy [1].
Algonquin Power & Utilities Corp. Announces Date for Third Quarter 2024 Financial Results and Conference Call
Prnewswire· 2024-10-11 21:00
OAKVILLE, ON, Oct. 11, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN") today announced plans to release its third quarter 2024 financial results on Thursday, November 7, 2024, before market open. AQN will hold an earnings conference call at 10:00 a.m. eastern time on Thursday, November 7, 2024, hosted by Chief Executive Officer, Chris Huskilson, and Chief Financial Officer, Darren Myers.Conference call details are as follows: Date: Thursday, November 7, 2024 Time: 10:00 ...
Algonquin Stock Likely To Double After Renewables Separation
Seeking Alpha· 2024-09-28 12:17
Long-Term Focussed In-Depth Fundamental Analysis.Former Associate at a $10 billion hedge fund, with 15 years of professional experience in equity markets. Holds a First-Class Honours degree in Financial Economics from the University of London and is a CFA Level III candidate.An avid reader and a Berkshire Hathaway buff.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrot ...
My 3 Worst High-Yield Investments Ever
Seeking Alpha· 2024-08-20 16:00
Andrii Sedykh/iStock via Getty Images The biggest reason why I, as a mid-30s investor, prefer investing in high-yielding stocks over high-growth stocks is that I believe I am able to reduce the number of investing mistakes I make by using this approach. This is because valuing companies that pay out high dividend yields and generate consistently slow growth rates is much easier than valuing companies that rely on sustaining very high-growth rates well into the future to justify their current valuations. ...
Algonquin Power: Measure Once, Cut Twice
Seeking Alpha· 2024-08-09 15:34
When Life Gives You Lemons, Hurl Them At Algonquin Merbe/E+ via Getty Images We have had a long history with following Algonquin Power & Utilities Corp. (NYSE:AQN). We jumped shipped ahead of the first dividend cut and then turned stayed out over the course of the next year or so. We turned bullish near $5.50 as the stock showed promise of a value play. We are updating our outlook with the recently released transactions and the Q2-2024 results. Q2-2024 AQN missed the top-line numbers but exceeded the bot ...
Algonquin Power & Utilities (AQN) - 2024 Q2 - Earnings Call Transcript
2024-08-09 14:52
Algonquin Power & Utilities Corp. (NYSE:AQN) Q2 2024 Earnings Call Transcript August 9, 2024 8:30 AM ET Company Participants Brian Chin - VP of IR Chris Huskilson - CEO Darren Myers - CFO Conference Call Participants Rupert Merer - National Bank Sean Steuart - TD Cowen Nelson Ng - RBC Capital Markets Mark Jarvi - CIBC Capital Markets Operator Hello, and welcome to the Algonquin Power & Utilities Corp. Second Quarter 2024 Earnings Conference Call. All lines have been placed on mute to prevent any background ...
Algonquin Power & Utilities (AQN) - 2024 Q2 - Earnings Call Presentation
2024-08-09 14:06
Q2 2024 Earnings Conference Call August 9, 2024 | 8:30 a.m. ET Forward-Looking Statements Certain written statements included herein and/or oral statements made in connection with the presentation contained herein constitute "forward-looking information" within the meaning of applicable securities laws in each of the provinces and territories of Canada and the respective policies, regulations and rules under such laws and "forward-looking statements" within the meaning of the U.S. Private Securities Litigat ...
LS Power Agrees to Acquire Large Scale Renewable Energy Business from Algonquin Power & Utilities Corp.
Prnewswire· 2024-08-09 12:37
NEW YORK, Aug. 9, 2024 /PRNewswire/ -- LS Power, a leading development, investment and operating company focused on the North American power and energy infrastructure sector, today announced it has reached an agreement with Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) ("AQN") to acquire its renewable energy business (the "Renewables Business").The Renewables Business is comprised largely of wind and solar assets located throughout the United States and Canada, including 44 operating assets with more th ...