Thursday, May 7th the Board of Directors of Algonquin
Power & Utilities Corp. announced
a quarterly dividend increase of from $ 0.1410 to $ 0.1551 per share that’s
payable July 15, 2020 to holders of record June 30, 2020. This represents a 10.0%
increase over last quarterly dividend.
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 common 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.
With current price CA$ 19.12 (Thursday's close), this
raise brings their dividend yield to 4.52%.
