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Algonquin Power & Utilities Corp T.AQN

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

Utilities Utilities - Diversified
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

Algonquin Power & Utilities Corp > CEO's Letter to Shareholder
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Comment by AlwaysLong683on Nov 22, 2022 8:00pm
263 Views
Post# 35120417

RE:RE:RE:CEO's Letter to Shareholder

RE:RE:RE:CEO's Letter to Shareholder
svsingh83 wrote: PS

CEO's opening ,line, "Our dividend is an important component of our total shareholder return.

1) It was not the opening line in the CEO's letter.

2) You excluded the very next sentence, taking the CEO's position on the dividend out of context.

"Our dividend is an important component of our total shareholder return. We strive to provide a strong and sustainable dividend to our shareholders." 

In my view, this is preparatoy language for a dividend cut. Otherwise, why not just say words to the effect that "We have every intention of maintaining AQN's current dividend"? With wording similar to this, they could signal that they are serious about keeping the dividend as is while still providing them an out if a cut eventually becomes necessary. Of course, you wouldn't make such a statement as the one I suggested then cut the dividend before the next scheduled quarterly payout, so I think the CEO's wording makes a cut more likely, not less.

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