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Algonquin Power & Utilities Corp T.AQN

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

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 Lloyd_Blankfeinon Apr 23, 2020 4:38pm
105 Views
Post# 30946845

RE:DRIP US ACCOUNT

RE:DRIP US ACCOUNTMy shares are in a CDN$ account with RBC Direct.

My new, dripped shares cost me CDN$18.40 each.

So you got a slightly better deal. I only earned 22 new shares so it's not such a big deal, but I do plan to hold these shares for another 10 or 20 years. I own 2 other stocks that pay in US$ and if I switch all 3, over 20 years, the difference could be material.

So I'm going to look into switching to holding my shares in US$. 

If anyone with RBC Direct knows what this involves, I'd be interested in hearing from you. I'm not even going to bother trying to phone them right now.

probowler900 wrote: Holding AQN on US side of my account Drip result:

Drip price was 13.299. US(Includes 5% discount)

Converted using Dividend payout exchange rate posted in earlier post:
.194085/.141(US Dividend amount)=1.3764 CDN exch.

1.3764x$13.299=$18.353 CDN cost(Again,includes 5% discount)

Price before discount is $18.353x1.05=$19.22 CDN.

So anyone with a DRIP in a CDN account can compare what their price ended up being.

For me,in the past when I held AQN in a Canadian account my DRIP cost always worked at higher.Thats why I flipped my shares to the US account.But maybe things have changed?


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