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Algonquin Power & Utilities Corp T.AQN

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

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 AlwaysLong683on Nov 18, 2022 6:12pm
195 Views
Post# 35111870

RE:RE:Interesting reading ...

RE:RE:Interesting reading ...
AlwaysLong683 wrote: Correct me if I'm wrong, but didn't Rob Carrick recommend buying AQN shares two or three years ago given its generous and increasing dividend? Looks like he's flip-flopped since discovering perhaps AQN's dividend isn't as solid and more likely to be cut than say, FTS or EMA?

I used to read Carrick up until a few years ago given he's a big fan of dividend investing, but noticed he was a little too obsessed with big yields at the expense of quality such that he recommended the likes of PZA, AW.UN, etc., only to "sell" them after they cut their distribution (AW.UN) or got to the point where the dividend appeared unsustainable (PZA). Ironically, if memory serves, AW.UN cut their distribution in the depths of COVID, then reinstated most or all of it once things started to calm down, so Carrick pressed the panic button due to the vulnerability of investing in the competitve product-based fast food sector only to see them rebound after he "exited" the name.

Wow, my apologies to Rob Carrick. I got him mixed up with John Heinzl. I really like Carrick's columns.

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