OAKVILLE, ON, Nov. 14, 2011 /CNW/ - Algonquin Power & Utilities Corp.
("APUC") (TSX:AQN) of Oakville, Ontario announced that its Directors
have declared a dividend on its shares. The dividend is $0.07 per share
payable on January 16, 2012 to the shareholders of record on December
30, 2011 for the period from October 1, 2011 to December 31, 2011.
The dividend will be paid in cash or, if the 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 for the
fourth quarter of 2011.
For Canadian resident shareholders, dividends declared are considered as
"eligible dividends" for purposes of the dividend tax credit rules
contained in the Income Tax Act (Canada).
About Algonquin Power & Utilities Corp.
Through its distinct operating subsidiaries, APUC owns and operates a
diversified portfolio of $1.1 billion of clean renewable electric
generation and sustainable utility distribution businesses in North
America. Liberty Utilities Co., APUC's regulated distribution utility
business, provides regulated water and electric utility services to
more than 120,000 customers with a portfolio of 21 water and electric
utility systems. Pursuant to previously announced agreements, Liberty
Utilities Co. is committed to acquiring Granite State Electric Company,
a New Hampshire electric distribution company, EnergyNorth Natural Gas
Inc., a regulated natural gas distribution utility and certain
regulated natural gas distribution assets in Missouri, Illinois and
Iowa, which together serve approximately 213,000 customers. Algonquin
Power Co. (APCo), APUC's electric generation subsidiary, includes 45
renewable energy facilities and 12 thermal energy facilities
representing more than 460 MW of installed capacity. Pursuant to a
previously announced agreement APCo will be acquiring a partial
interest in an existing 370MW portfolio of New England and New York
wind projects and development opportunities representing an additional
1,200MW of wind generation projects. APUC and its operating
subsidiaries deliver continuing growth through an expanding pipeline of
greenfield and expansion renewable power and clean energy projects,
organic growth within its regulated utilities and the pursuit of
accretive acquisition opportunities. APUC's common shares and
convertible debentures are traded on the Toronto Stock Exchange under
the symbols AQN, AQN.DB.A and AQN.DB.B. Visit Algonquin Power &
Utilities Corp. at www.AlgonquinPowerandUtilities.com.
SOURCE Algonquin Power
For further information:
Telephone: (905) 465-4500
Algonquin Power & Utilities Corp.
2845 Bristol Circle
Oakville, Ontario L6H 7H7