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Algonquin Power & Utilities Corp. Announces 10% Dividend Increase and Declares Second Quarter 2020 Common Share Dividend of U.S. $0.1551 (C$0.2191)
Algonquin Power & Utilities Corp. Announces 10% Dividend Increase and Declares Second ...
About this update from Algonquin Power & Utilities Corp.
[{"type":"text","content":"\n\n\n\nAlgonquin Power & Utilities Corp. Announces 10% Dividend Increase and Declares Second Quarter 2020 Common Share Dividend of U.S. $0.1551 (C$0.2191)\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nAlgonquin Power & Utilities Corp. Announces 10% Dividend Increase and Declares Second Quarter 2020 Common Share Dividend of U.S. $0.1551 (C$0.2191)\nCanada NewsWire\nOAKVILLE, ON, May 7, 2020\n\n\n\nOAKVILLE, ON, May 7, 2020 /CNW/ - Algonquin Power & Utilities Corp. (\"APUC\") (TSX/NYSE: AQN) announced today that the Board of Directors has approved a dividend increase of U.S. $0.0564 annually per common share to a total dividend of U.S. $0.6204 per common share, paid quarterly at a rate of U.S. $0.1551 per common share.\nAPUC also announced today that the Board of Directors has declared a dividend of U.S. $0.1551 per share on its common shares, payable on July 15, 2020, to the shareholders of record on June 30, 2020, for the period from April 1, 2020 to June 30, 2020.  Shareholders receiving dividends in cash can elect to receive the dividend in Canadian dollars in the amount of C$0.2191.\nThe 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.\nPursuant to the Income Tax Act (Canada) and corresponding provincial legislation, APUC hereby notifies its common shareholders that such dividends declared qualify as eligible dividends.\nThe 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 ...