Algonquin Power & Utilities Corp T.AQN

Looking for entry point

[templetooth2]

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??

[pennydredful]

The latest  dividend  was  declared  on   Nov  11th   so   normally next  declaration date  would be three   months   hence   about   Feb.   11th.  It   would  seem  rash  to cut  the dividend  earlier   than that unnecessarily  &

[cashworx44]

This post has been removed in accordance with Community Policy

[1condor]

Like I have been saying...have patience with this one...more downside into the 9's.

[RusticHit]

this will be in 7 ss as tax loss selling  stared in full bloom next month

[jx7000]

I agree. Knowing that there's probably a div cut coming, I would not buy before that happens. This reminds me all too much of TransAlta Utilities (now TransAlta Corp) back in the day. The only good thing that could happen soon is a buyout offer but it better not be from Brookfield. They came in and swooped up shares of IPL about three years ago for very miniscule premium. IPL also had a good

[dileas48s]

I tend to think that a 50% cut in dividend is highly likely, and given other volatility concerns astute buyers will want a yield of no less than 5%.  That puts a potential share price at $9.58.  That's about where I will start buying. I agree that AQN and roll up their interest costs into their rates, but that takes rate hearings.  It's a long process.  Some may have

[Capharnaum]

I think there's a misunderstanding of the public regarding regulated utilities. I'm a bit of a specialist regarding regulated utilities (ie: I've been through multiple rate reviews and have submitted thousands of pages of evidence, been key witness on hearings, etc). The basis of utilities is that the user base is accountable for all costs incurred to deserve that user base, including

[newcoin]

Great post. I'm feeling very confident after reading what you have said. It just shows how far off the algorithms are on controlling this process. This is a wonderful buying opportunity.

[AlwaysLong683]

Brookfield would likely be willing to buy AQN right now if the price was right. They've been at it for quite some time, so they'll be looking for a great value as was the case with IPL. Question is, how much of a premium would Brookfield offer over and above the AQN share price at the time of the offer...? I doubt AQN would sell anytime soon, but if the share price lags after a (likely

[newcoin]

Minimum $13.00. Way oversold.

[jimgeorge]

Even if they're considering a divy cut, they won't announce it till just before they have to declare the next quarter's divy.  Because they pay the divy quarterly they have lots of time to wait - a lot can happen in 3 months!  Financial crisis, recession, world war 3, you name it.  Even a corporate buyout.  Management can wait it out....

[AlwaysLong683]

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