OAKVILLE, ON, Feb. 28, 2019 /CNW/ - Algonquin Power
& Utilities Corp. ("APUC") (TSX/NYSE: AQN) announced today that
the Board of Directors has declared a dividend of U.S.$0.1282 per share on its common shares, payable
on April 15, 2019, to the
shareholders of record on March 29,
2019, for the period from January 1,
2019 to March 31, 2019.
Shareholders receiving dividends in cash can elect to receive the
dividend in Canadian dollars in the amount of C$0.1685.
The common share dividend will be paid in cash or, if a
shareholder has enrolled in the shareholder dividend reinvestment
plan (the "Plan"), dividends will be reinvested in additional
shares ("Plan Shares") of APUC as per the Plan. Plan Shares
will be acquired by way of a Treasury Purchase at the average
market price as defined in the Plan less a 5% discount.
Pursuant to the Income Tax Act (Canada) and corresponding provincial
legislation, APUC hereby notifies its common shareholders that such
dividends declared qualify as eligible dividends.
The quarterly dividends payable on common shares are declared in
U.S. dollars. Beneficial shareholders (those who hold common shares
through a financial intermediary) who are resident in Canada or the United
States may request to receive their dividends in either U.S.
dollars or the Canadian dollar equivalent by contacting the
financial intermediary with whom the common shares are held. Unless
the Canadian dollar equivalent is requested, shareholders will
receive dividends in U.S. dollars, which, as is often the case, the
financial intermediary may convert to Canadian dollars. Registered
shareholders receive dividend payments in the currency of
residency. Registered shareholders may opt to change the payment
currency by contacting AST Trust Company (Canada) at 1-800-387-0825 prior to the record
date of the dividend.
The Canadian dollar equivalent of the quarterly dividend is
based on the Bank of Canada daily
average exchange rate on the day before the declaration date.
All dollar amounts referenced herein are in U.S. dollars unless
otherwise noted.
About Algonquin Power & Utilities Corp.
APUC is a
diversified generation, transmission and distribution utility with
approximately $9 billion of total
assets. Through its two business groups, APUC provides rate
regulated natural gas, water, and electricity generation,
transmission, and distribution utility services to over 768,000
connections in the United States,
and is committed to being a global leader in the generation of
clean energy through ownership of or investments in long-term
contracted wind, solar and hydroelectric generating facilities
representing over 2 GW of installed capacity. APUC delivers
continuing growth through an expanding pipeline of renewable
energy, electric transmission, and water infrastructure development
projects with a global focus, organic growth within its rate
regulated generation, distribution and transmission businesses, and
the pursuit of accretive acquisitions. APUC's common shares, Series
A preferred shares and Series D preferred shares are listed on the
Toronto Stock Exchange under the symbols AQN, AQN.PR.A, and
AQN.PR.D. APUC's common shares and Series A subordinated notes are
also listed on the New York Stock Exchange under the symbols AQN
and AQNA.
Caution Regarding Forward-Looking Information
Certain
statements included in this news release constitute
''forward-looking information'' within the meaning of applicable
securities laws in each of the provinces of Canada and the respective policies,
regulations and rules under such laws and ''forward-looking
statements'' within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995 (collectively, ''forward-looking
statements"). The words "will", "intends", "expects" and similar
expressions are often intended to identify forward-looking
statements, although not all forward-looking statements contain
these identifying words. Specific forward-looking statements
contained in this news release include statements with respect to
the payment of dividends on the common shares of APUC. These
statements are based on factors or assumptions that were applied in
drawing a conclusion or making a forecast or projection, including
assumptions based on historical trends, current conditions and
expected future developments. Since forward-looking statements
relate to future events and conditions, by their very nature they
require making assumptions and involve inherent risks and
uncertainties. APUC cautions that although it is believed that the
assumptions are reasonable in the circumstances, these risks and
uncertainties give rise to the possibility that actual results may
differ materially from the expectations set out in the
forward-looking statements. Material risk factors include those set
out in APUC's most recent annual and interim management's
discussion and analysis and most recent annual information form.
Given these risks, undue reliance should not be placed on these
forward-looking statements, which apply only as of the date hereof.
Other than as specifically required by law, APUC undertakes no
obligation to update any forward-looking statements to reflect new
information, subsequent or otherwise.
Visit APUC at www.algonquinpowerandutilities.com and follow
us on Twitter @AQN_Utilities.
View original
content:http://www.prnewswire.com/news-releases/algonquin-power--utilities-corp-declares-first-quarter-2019-common-share-dividend-of-us-0-1282-c0-1685-300804649.html
SOURCE Algonquin Power & Utilities Corp.