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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

TSX:AQN - Post Discussion

Algonquin Power & Utilities Corp > Dividend to ZERO, until house in order
View:
Post by malx1 on Oct 19, 2023 4:31pm

Dividend to ZERO, until house in order

No room for dividends when burdened with high-cost Debt.

Shut her down, fix her up, then sell.

Comment by DeanEdmonton on Oct 20, 2023 10:54am
Their cashflow did not disappear. It would be truly stupid the eliminate the dividend on a regualted utility stock. They need to fix their other issues, not further abuse shareholders.
Comment by malx1 on Oct 20, 2023 3:53pm
Typical bagholder response. Like I said, suspend dividend until Debt/Equity is 30-40%. Capital allocation mismanaged.  Fire CFO and execs. I already called the CEO firing. Enjoy your handcuffs.
Comment by DeanEdmonton on Oct 21, 2023 10:09am
Malx1- not a bag holder when you aren't holding any shares. Per my previous posts, I sold this Turd when they first announced the Kentucky Belch deal. Only reason I still follow it is to watch for an entry point. Not anywhere near tthat yet. That said, for those that are still holding this, a buyout would be their best option to get out. Selling just the renewables in this market would be a ...more  
Comment by malx1 on Oct 21, 2023 1:55pm
Dean, understood. As an unbiased outsider, I saw cancer in AQN. Let's re-word this: "Suspend" Dividend until Debt/Equity reaches 40%. Then re-introduce Dividend at a 50% payout ratio. No increases until payout is 45% or less. Sheesh, how many execs does it take to figure out basic asset allocation?  A high school degree sometimes smarter than an MBA. Create a a hybrid ...more  
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