Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 Karl63on Nov 16, 2022 6:41pm
386 Views
Post# 35105136

RE:RE:RE:RE:RE:RE:Not goin to see $9

RE:RE:RE:RE:RE:RE:Not goin to see $9Hello Condor, I know that I've been bullish on the company, but yes, it's likely that we'll go into the 9's for a while before we move back to some balance.  I don't, however, see going to the 8's; while I think there's a fair chance the dividend will remain untouched, IF the dividend were cut, it would be cut 30-50% and would be a great source of capital for the company to divert elsewhere.  Yes, they are somewhat backed into a corner but it's nothing that time and an adequate cash flow, provided by a dividend cut and possibly/hopefully dropping interest rates, couldn't resolve.  With investor confidence building over time, and with a dividend cut of 50%, namely Cdn .48 annually, the dividend at $9.50 share price would be 5%.  At that point, prices would rise as confidence returns; I also expect the company would reintroduce dividend increases that would work to justify even higher share prices.
<< Previous
Bullboard Posts
Next >>