Algonquin Power & Utilities Corp T.AQN

RE:Looking for entry point

[AlwaysLong683]

templetooth2 wrote: but as far as I can see, the dividend still hasn't been cut or at least reduced.

My personal opinion only, but when everyone knows this pain is yet to officially come, it's too early to start toe-dipping.

Board thoughts on when the cut happens or why it hasn't happened yet??

My thoughts on the above were posted on this BB Nov. 15 at 8:51pm

Here's that post:

I get why AQN didn't want to announce a dividend cut on Nov. 11 as it might have sent the share price plummeting even further. However, given the stock market as a whole isn't tanking and the yield based on today's closing share price of 10.34 CAD is now apparently over 9% CAD (according to TMX Money anyway), the market is signalling it expects a dividend cut. Problem is, as mentioned by others, the next dividend announcement was made on March 3 last time around, so to wait that long before announcing a cut could leave AQN's share price in limbo (or worse) depending on Canadian and US inflation and interest rate announcements from now til then. Perhaps ripping off the band-aid all at once on November 11 may have allowed the share price to rebound once investors stopped running for the exits and saw that AQN Mgmt / BOD did the right thing given the circumstances. Instead, allowing that money to exit in addition to the uncertainty moving forward could prove to be much more of a burden on the company.