OAKVILLE, ON, Nov. 12, 2020
/PRNewswire/ - Algonquin Power & Utilities Corp. ("APUC")
(TSX: AQN) (NYSE: AQN) announced today that the Board of Directors
has declared a dividend of U.S. $0.1551 per share on its common shares, payable
on January 15, 2021, to the
shareholders of record on December 31,
2020, for the period from October 1,
2020 to December 31,
2020. Shareholders receiving dividends in cash can elect to
receive the dividend in Canadian dollars in the amount of
C$0.2019.
The common share dividend will be paid in cash or, if a
shareholder has enrolled in the shareholder dividend reinvestment
plan (the "Plan"), dividends will be reinvested in additional
common shares ("Plan Shares") of APUC as per the Plan. Plan
Shares will be acquired by way of a Treasury Purchase at the
average market price as defined in the Plan less a 5% discount.
Pursuant to the Income Tax Act (Canada) and corresponding provincial
legislation, APUC hereby notifies its common shareholders that such
dividends declared qualify as eligible dividends.
The quarterly dividends payable on common shares are declared in
U.S. dollars. Beneficial shareholders (those who hold common shares
through a financial intermediary) who are resident in Canada or the United
States may request to receive their dividends in either U.S.
dollars or the Canadian dollar equivalent by contacting the
financial intermediary with whom the common shares are held. Unless
the Canadian dollar equivalent is requested, shareholders will
receive dividends in U.S. dollars, which, as is often the case, the
financial intermediary may convert to Canadian dollars. Registered
shareholders receive dividend payments in the currency of
residency. Registered shareholders may opt to change the payment
currency by contacting AST Trust Company (Canada) at 1-800-387-0825 prior to the record
date of the dividend.
The Canadian dollar equivalent of the quarterly dividend is
based on the Bank of Canada daily
average exchange rate on the day before the declaration date.
About Algonquin Power & Utilities Corp., Liberty
Utilities, and Liberty Power
APUC is a diversified international generation, transmission,
and distribution utility with approximately $11 billion of total assets. Through its two
business groups, Liberty Utilities and Liberty Power, APUC is committed to providing
safe, secure, reliable, cost-effective, and sustainable energy and
water solutions through its portfolio of electric generation,
transmission, and distribution utility investments to over 1
million customer connections, largely in the United States and Canada. APUC is a
global leader in renewable energy through its portfolio of
long-term contracted wind, solar, and hydroelectric generating
facilities representing over 2 GW of installed capacity and
approximately 1.4 GW of incremental renewable energy capacity under
construction.
APUC is committed to delivering growth and the pursuit of
operational excellence in a sustainable manner through an expanding
global pipeline of renewable energy and electric
transmission development projects, organic growth within its
rate-regulated generation, distribution, and transmission
businesses, and the pursuit of accretive acquisitions.
APUC'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. APUC's common
shares, Series 2018-A subordinated notes and Series 2019-A
subordinated notes are listed on the New York Stock Exchange under
the symbols AQN, AQNA and AQNB, respectively.
Visit APUC at www.algonquinpowerandutilities.com and follow
us on Twitter @AQN_Utilities.
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SOURCE Algonquin Power & Utilities Corp.
