OAKVILLE, ON, Aug. 10, 2017 /CNW/ - Algonquin Power &
Utilities Corp. ("APUC") (TSX: AQN, AQN.PR.A, AQN.PR.D, NYSE: AQN)
announced today that the Board of Directors of APUC has declared a
dividend of U.S. $0.1165 per share on
its common shares, payable on October 13,
2017 to the shareholders of record on September 29, 2017 for the period from
July 1, 2017 to September 30, 2017. Shareholders can elect to
receive the dividend in the amount of Cdn $0.1480.
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, based on equivalent
Canadian funds. 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 for the third quarter of 2017.
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 CST Trust Company 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.
About Algonquin Power & Utilities Corp.
APUC is a North American diversified generation, transmission
and distribution utility with $10
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
750,000 customers in the United
States, and is committed to being a North American leader in
the generation of clean energy through its portfolio of long term
contracted wind, solar and hydroelectric generating facilities
representing more than 1,250 MW of installed capacity. APUC
delivers continuing growth through an expanding pipeline of
renewable energy development projects, organic growth within its
rate regulated generation, distribution and transmission
businesses, and the pursuit of accretive acquisitions. Common
shares and preferred shares are traded on the Toronto Stock
Exchange under the symbols AQN, AQN.PR.A, and AQN.PR.D.
APUC's common shares are also listed on the New York Stock Exchange
under the symbol AQN.
Visit APUC at www.AlgonquinPowerandUtilities.com and follow
us on Twitter @AQN_Utilities.
SOURCE Algonquin Power & Utilities Corp.