Algonquin Power & Utilities Corp T.AQN.PR.A

Primary Symbol: T.AQN Alternate Symbol(s): AQN | 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 > i understand aqn cut the dividend but why suspend DRIP PROG?

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Comment by dalesio_98on Jan 17, 2023 1:57pm

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Post# 35228603

RE:i understand aqn cut the dividend but why suspend DRIP PROG?

Humanist wrote:
ALGONQUIN POWER & UTILITIES CORP - AQN WILL BE SUSPENDING ITS DIVIDEND REINVESTMENT PLAN ("DRIP") FOR ITS COMMON SHARES

which means we the avg investor gets screwed while the preferred shareholder (the rich ones) keep their DRIP ! NOT FAIR AT ALL

You receive the dividend in cash.
AQN saves the 3% discount issuing shares under DRIP.

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