Algonquin Power & Utilities Corp T.AQN

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

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.

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Algonquin Power & Utilities Corp

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Post by NewOpportuniston Nov 11, 2022 2:24pm

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Post# 35092149

Dividend safety

Interest expense $75 million + $130 million in divs for common and prefs, so over $200 million of AQN's cash flow gobbled up by this every quarter. Add on maintenance capex and your cash flow is gone.

Dividend is not safe and that's what the share price tells you. Mismanaged company, analysts dead wrong, not a good recipe for an investment, other than a punt on an oversold stock.

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