Bullboard - Stock Discussion Forum 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... see more

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Algonquin Power & Utilities Corp > i understand aqn cut the dividend but why suspend DRIP PROG?

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Post by Humanist on Jan 17, 2023 11:59am

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

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

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Comment by dalesio_98 on Jan 17, 2023 1:57pm

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

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Comment by darb on Jan 17, 2023 2:07pm

Why would you DRIP your shares @ $9 when you know they are worth $20? It's a no brainer.

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Comment by dalesio_98 on Jan 17, 2023 2:55pm

No brainer? Place an order to purchase or sell AQN shares, you won't get or pay $20, only the current market price.

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Comment by BSdetector2016 on Jan 17, 2023 4:33pm

DRIP auto-dilutes the stock. When the company is run off a cliff, like what Banskota did, the yield gets high (because share price destroyed) and the company is forced to print even more shares to pay its dividend.

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Algonquin Power & Utilities Corp