Boralex Inc T.BLX

Alternate Symbol(s): BRLXF

Utilities Utilities - Independent Power Producers

Boralex Inc. is a Canada-based renewable energy company. The Company is primarily engaged in the development, construction and operation of renewable energy power facilities. It operates in the production of three types of renewable energy: wind, solar and hydroelectric power, as well as storage, representing an asset base with an installed capacity totaling 3,051 megawatts (MW). It also provides onshore wind power, and it also has facilities in the United States and development projects in the United Kingdom. It is developing a portfolio of over 6.2 GW in wind, solar and storage projects. It holds interests in 50 facilities in North America and 77 facilities in Europe. In addition, the Company has projects under construction or ready-to-build, representing an additional 317 megawatts (MW) of power and a portfolio of secured projects amounting to 654 MW. In addition, the Company acquired a 50% interest in five wind farms in the United States with a total installed capacity of 894 MW.

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Boralex Inc

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Post by rustybladeson Jan 26, 2022 4:59pm

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Post# 34364230

Deleted from S&P/TSX Canadian Dividend Aristocrats Index

In case anyone missed the news release after market close on Monday Jan 24. The deletion is effective Feb 1. The index is for companies that have raised dividends annualy for at least 5 years. Tough to get back in once you are out. I thought not raising the dividend until at least 2025 was very shortsighted of management.

You can be sure that after 45+ years of annual dividend increases, annual dividend increases are top of mind for the Fortis CEO.

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