OAKVILLE, ON, May 12, 2022
/PRNewswire/ - Algonquin Power & Utilities Corp. ("AQN") (TSX:
AQN, AQN.PR.A, AQN.PR.D) (NYSE: AQN) announced today that its board
of directors has approved and declared the following common and
preferred share dividends:
- US$0.1808 per common share,
payable on July 15, 2022, to the
shareholders of record on June 30,
2022, for the period from April 1,
2022 to June 30, 2022.
Shareholders receiving dividends in cash can elect to receive the
dividend in Canadian dollars in the amount of C$0.2345.
- C$0.32263 per preferred share,
Series A, payable in cash on June 30,
2022 to preferred share, Series A holders of record on
June 15, 2022, for the period from
March 31, 2022 to, but excluding,
June 30, 2022.
- C$0.31819 per preferred share,
Series D, payable in cash on June 30,
2022 to preferred share, Series D holders of record on
June 15, 2022, for the period from
March 31, 2022 to, but excluding,
June 30, 2022.
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 AQN 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 3% discount.
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, holders of common
shares 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 TSX Trust Company 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.
Pursuant to the Income Tax Act (Canada) and corresponding provincial
legislation, AQN hereby notifies holders of common shares,
preferred shares, Series A, and preferred shares, Series D that
such dividends declared qualify as eligible dividends.
About Algonquin Power & Utilities Corp. and
Liberty
Algonquin Power & Utilities Corp., parent company of
Liberty, is a diversified international generation, transmission,
and distribution utility with over $17
billion of total assets. Through its two business groups,
the Regulated Services Group and the Renewable Energy Group, AQN 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 one million customer connections, largely in
the United States and
Canada. AQN is a global leader in renewable energy through
its portfolio of long-term contracted wind, solar, and
hydroelectric generating facilities. AQN owns, operates, and/or has
net interests in over 4 GW of installed renewable energy
capacity.
AQN 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 and value enhancing recycling of
assets.
AQN's common shares, preferred shares, Series A, and preferred
shares, Series D are listed on the Toronto Stock Exchange under the
symbols AQN, AQN.PR.A, and AQN.PR.D, respectively. AQN'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, AQNA, AQNB, and AQNU,
respectively.
Visit AQN at www.algonquinpowerandutilities.com and follow us on
Twitter @AQN_Utilities.
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SOURCE Algonquin Power & Utilities Corp.
