U.S. Markets open in 8 hrs 10 mins

Algonquin Power & Utilities Corp. Declares Second Quarter 2019 Preferred Share Dividends

OAKVILLE, ON , May 9, 2019 /CNW/ - Algonquin Power & Utilities Corp. ("APUC") (TSX: AQN, AQN.PR.A, AQN.PR.D, NYSE: AQN, AQNA) announced today that the Board of Directors of APUC has declared the following preferred share dividends:

  1. C$0.32263 per Preferred Share, Series A, payable in cash on July 2, 2019 to Preferred Share, Series A holders of record on June 14, 2019 , for the period from March 31, 2019 to, but excluding, June 30, 2019 .

  2. C$0.31819 per Preferred Share, Series D, payable in cash on July 2, 2019 to Preferred Share, Series D holders of record on June 14, 2019 for the period from March 31, 2019 to, but excluding, June 30, 2019 .


Pursuant to the Income Tax Act ( Canada ) and corresponding provincial legislation, APUC hereby notifies its Series A Preferred Shareholders and its Series D Preferred Shareholders that such dividends declared qualify as eligible dividends.

About Algonquin Power & Utilities Corp.

APUC is a diversified generation, transmission and distribution utility with approximately $9.7 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 approximately 770,000 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 2018-A subordinated notes are also listed on the New York Stock Exchange under the symbols AQN and AQNA.

Visit APUC at www.algonquinpowerandutilities.com and follow us on Twitter @AQN_Utilities.

Cision

View original content:http://www.prnewswire.com/news-releases/algonquin-power--utilities-corp-declares-second-quarter-2019-preferred-share-dividends-300847750.html

SOURCE Algonquin Power & Utilities Corp.


View original content: http://www.newswire.ca/en/releases/archive/May2019/09/c9615.html