Algonquin Power & Utilities Corp T.AQN

9-10%

[RusticHit]

Market will take this down to 9-10%yield  they want more yield fo risk 6-7% yields are very safe like banks even Gic giving 5%

[svsingh83]

BNS did not raise divi recently. Quarterly results will shed more lights on banks. With interest rates rising, banks may have to earmark more funds for  write oofs. With GICs there is no growth, Utilites are safest. AQN has solid assets. Presently going through rough patch. Update erred on plus side. They were more keen to highlight the headwinds. Selling at this price may not be a good idea,

[RusticHit]

Utilities are not that growth stocks but considered to be safest stocks but this has been disaster and there is no hope in near term They will have to cut Div. again this year todays cut was just buying the time to survive

[TheBridge]

RusticHit, I think that there is going to some substantial sale of these shares over the next few days as some investors are finally going to join the tax loss sellers and just bite the bullet here. The reality has finally hit home that it's going to be a long haul to regain the high ground again. There are safer equities to move to that can provide a decent chance of making some capital gains

[liljohnnyjoke]

Cutting the divy buys them time to start selling off their top notch Canadian assets that made the company in order to buy KP.

[RusticHit]

8.70 is last month lows and this will test that support soon if that hold or goes lower  big ??????

[Capharnaum]

Dividend yield is not a measure that moves the stock price long term. It just represents the capital allowance that goes back directly to shareholders. This is why there are 0% yield that trade above 5% yield companies in the same business. Cashflow from operations is a better measure of the business value. For Algonquin, in 2023, cashflow estimate provided in the presentation is 800M (USD). On

[Canoutchie]

Really?  If the market were to push the price down to a 10% yield, then the typical wankers would come out of the woodwork, stating that the dividend was too high and that another cut would be in order, so I doubt your thesis.  More likely is that this trades in a range until further clarity on asset sales can be obtained, as well as to see if the company can execute on its stated

[RusticHit]

wait for 3-4 days to see where this goes