Exhibit 99.1 2023 Annual Report Algonquin Power & Utilities Corp. Algonquin Liberty | --- | --- | --- | --- | |--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|-------|-------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 000 ...

Core Points - Algonquin Power & Utilities Corp. has declared dividends for common and preferred shares, with specific amounts and payment dates outlined [1][2][4] - The company has suspended its dividend reinvestment plan (DRIP) since March 16, 2023, with potential for future reinstatement [2] - AQN's common shares are listed on both the Toronto Stock Exchange and the New York Stock Exchange, indicating its international presence [5] Dividend Details - Common share dividend is set at US$0.0650 per share, payable on October 15, 2024, for the period from July 1, 2024, to September 30, 2024, with an option for Canadian dollar payment [1] - Preferred share Series A dividend is C$0.41100, and Series D dividend is C$0.42831, both payable on October 1, 2024 [1] - Dividends declared qualify as eligible dividends under Canadian tax legislation [4] Company Overview - Algonquin Power & Utilities Corp. has approximately $18 billion in total assets and serves over one million customer connections primarily in the U.S. and Canada [5] - The company operates over 4 GW of installed renewable energy capacity, emphasizing its commitment to sustainable energy solutions [5]

Continuing Ongoing Strategic Transition to a Pure-Play Regulated UtilityCompany to Hold Second Quarter Earnings Conference Call at 8:30 am E.T.OAKVILLE, ON, Aug. 9, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN" or the "Company") announced today financial results for the second quarter ended June 30, 2024. All amounts are shown in United States dollars ("U.S. $" or "$"), unless otherwise noted."In the second quarter we continued to make significant progress on our path t ...

Transaction Unlocks AQN's Value as a Pure-Play Regulated UtilityProceeds Expected to Recapitalize Balance Sheet and Position Company for Future GrowthCompany to Hold Second Quarter Earnings Conference Call at 8:30 am E.T.OAKVILLE, ON, Aug. 9, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX/NYSE: AQN) ("AQN" or the "Company") announced today that it has entered into a definitive agreement to sell its renewable energy business (excluding hydro) to a wholly-owned subsidiary of LS Power (the "Buyer") ...

Algonquin Power & Utilities (AQN) is expected to deliver flat earnings compared to the year-ago quarter on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be r ...

OAKVILLE, ON, July 12, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN") today announced plans to release its second quarter 2024 financial results on Friday, August 9, 2024, before market open. AQN will hold an earnings conference call at 8:30 a.m. eastern time on Friday, August 9, 2024, hosted by Chief Executive Officer, Chris Huskilson, and Chief Financial Officer, Darren Myers. Conference call details are as follows: Date: Friday, August 9, 2024 Time: 8:30 a.m ...

Group 1 - The introduction of 24-hour news cycles has significantly changed how news, including financial news, is consumed, leading to increased anxiety among investors [2] - The stock market is often perceived as more exciting than it is, especially for those invested in stable companies, and the constant news coverage can amplify insignificant events [2][3] - Investors are encouraged to adopt a long-term perspective, holding positions for 2 to 3 years to avoid the pitfalls of reactive trading driven by short-term news [3][5] Group 2 - Building a diversified portfolio with positions that are not strongly correlated can help investors weather various market conditions [3][9] - Dividend-paying stocks are highlighted as defensive positions that provide steady income, which can help mitigate the psychological impact of market volatility [9][10] - The importance of income generation from investments is emphasized, particularly for retirees who rely on their portfolios for financial stability [9][10] Group 3 - Investors are advised to tune out the constant noise of the news cycle to maintain mental well-being and focus on their investment strategy [10] - Engaging in hobbies and spending time with loved ones can provide a healthier balance, reducing anxiety related to market fluctuations [10]

magical_light/iStock via Getty Images Dividend investing (SCHD) is a great way to compound wealth over time, and it has served me very well. One of the biggest reasons I like it is that when you invest in a stock with a consistent dividend payout, it gives you a reliable source of cash flow and total returns. This means that these stocks don't have to generate superman-like growth or valuation multiple expansion to deliver satisfactory total returns. Moreover, such stocks are fairly easy to value, enabl ...

Core Viewpoint - The article discusses the challenges faced by Algonquin Power & Utilities Corp. (AQN) due to a failed acquisition and the subsequent actions of activist investor Starboard Value LP, which has acquired a significant stake in the company and proposed a plan to enhance shareholder value through divestitures and debt reduction [2][3][4]. Group 1: Company Challenges - AQN's attempt to acquire Kentucky power assets from American Electric Power (AEP) failed, leading to high debt levels and a dividend cut, which negatively impacted investor confidence [2][4][7]. - The company's valuation has been hindered by excessive leverage, a high dividend payout ratio, and a significant proportion of unregulated assets, making it "uninvestable" for many traditional utility investors [4][7]. Group 2: Activist Investor's Plan - Starboard Value LP has purchased 58.4 million shares of AQN, representing just under 8.5% of the company, and believes AQN's regulated services group is undervalued compared to peers [3][4]. - Starboard proposes selling off AQN's unregulated renewables business to reduce leverage below 5.0x debt/EBITDA and to buy back equity, aiming for a more secure dividend and potential growth [4][5]. - The activist investor highlights AQN's water utility as a "hidden gem" that could allow the company to trade at a premium to peers, suggesting that divesting the renewables business could unlock significant shareholder value [4][5]. Group 3: Current Outlook - AQN is viewed positively due to its high yield of 7.3%, which is the highest among regulated utilities, and the expectation of sustainable dividends with growth potential beyond 2026 [5][10]. - The utility sector is considered attractive as interest rates may decline, making AQN's current valuation an appealing entry point for investors [5][10]. - AQN's share price is currently trading at a significant discount compared to its historical performance and peer valuations, primarily due to the fallout from the failed Kentucky Power deal [5][10].

OAKVILLE, ON, June 13, 2024 /PRNewswire/ - Algonquin Power & Utilities Corp. (TSX: AQN) (NYSE: AQN) ("AQN" or the "Company") today announced the settlement rate for the share purchase contracts that are components of its outstanding corporate units (the "Corporate Units") issued in June 2021. Holders of Corporate Units will receive 3.3439 common shares of AQN ("Common Shares") for each share purchase contract they hold, which results in an effective issuance price of $14.9526 per Common Share, with cash to ...