Algonquin Power & Utilities Corp., through its subsidiaries, engages in the generation, distribution, and transmission utility assets in North America. The company generates and sells electrical energy through a portfolio of non-regulated renewable and clean energy power generation facilities. It owns or has interests in hydroelectric facilities with a combined generating capacity of approximately 120 megawatts (MW); wind powered generating facilities with a combined generating capacity of 700 MW; and solar energy facilities with a generating capacity of 30 MW, as well as interests in thermal energy facilities with an installed generating capacity of approximately 335 MW. The company also owns and operates electricity, natural gas, water distribution, and wastewater collection utility systems to approximately 489,000 connections. It serves approximately 93,000 electric connections; 292,000 natural gas connections; and 104,000 regulated water distribution and wastewater collection connections in the states of California, New Hampshire, Georgia, Illinois, Iowa, Massachusetts, Missouri, Arizona, Arkansas, and Texas. The company was founded in 1996 and is headquartered in Oakville, Canada.
Details of my purchase:
Some ratings for AQN:
Yahoo: Mean Recommendation 1.9, 1y Target Est CA$ 10.72
Reuters: Mean Rating 1.89
At today's exchange rate, this purchase 300 shares of AQN will increase € 83.91 ($ 94.67) of my expected annual net dividend income and will increase my portfolio's projected annual net dividend income to € 9,200.00. With purchase price CA$ 11.78 plus commission (CA$ 6.00) my starting yield on cost is 4.72%.
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Full Disclosure: Long AQN
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