Algonquin Power & Utilities Corp T.AQN

Waiting For Dividend Cut Could Be Painful

[AlwaysLong683]

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.

[Shylock40]

Appreciate this post, bailed out of AQN after Kentucky Power purchase.. once this "BTO" CEO is sacked and the divvy is cut by min. 50%, will re-enter below $9 CDN.. that is best case at this point given market sentiment.. Best of Luck to All!

[liljohnnyjoke]

They may not announce a divy cut until reporting q4/ye in Feb 23 and announcing q1 23 divy

[pennydredful]

since   insiders   have  bot   stock  and   may   desire   to   buy  more   they   may   be in  no   hurry   to  make   postive  announcements.   Also   the  company   has   some assets