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Algonquin Power & Utilities Corp T.AQN

Alternate Symbol(s):  AQN | T.AQN.P.A | T.AQN.P.D | AGQPF

Algonquin Power & Utilities Corp. is a Canada-based diversified international generation, transmission, and distribution company. The Company through its two business groups, the Regulated Services Group, and the Renewable Energy Group, provides 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. The Company is engaged in renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities. The Company owns, operates, and/or has net interests in over four gigawatts (GW) of installed renewable energy capacity. The Company is focused on its 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.


TSX:AQN - Post by User

Comment by Tonydeon Nov 11, 2022 8:42pm
308 Views
Post# 35093045

RE:RE:RE:The Dividend will be cut Guaranteed !!

RE:RE:RE:The Dividend will be cut Guaranteed !!
@RoyDonovan78 "I respectfully disagree. I have not crunched the #'s but they are not going to pay a 7-8% dividend for too long with higher interest rates on debt"........ With all due respect, I could never understand when someone indicate that a percentage yield is no longer sustainable, simply because the market or trading price depreciated! Correct me if I'm wrong, (plunging some numbers here), presently AQN pays approximately $122.55 million in dividends, same amount for the past 2 quarters. In other words the cost (ie paying dividends to shareholders) did not change, the market price change, therefore the yield looks a bit higher. Please, I want to make it clear, that I am not debating about the sustainability of such dividend after today's financial report.
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