OAKVILLE, ON, March 14, 2013 /CNW/ - Algonquin Power & Utilities Corp.
("APUC") (TSX:AQN, AQN.PR.A) announced today that the Board of
Directors of APUC (the "Board") has declared a dividend of $0.0775 on
its common shares, payable on April 15, 2013 to the shareholders of
record on March 28, 2013 for the period from January 1, 2013 to March
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. 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 first quarter of 2013.
Additionally, the Board has declared a dividend of $0.28125 per
Preferred Share, Series A, payable in cash on March 28, 2013 to
Preferred Share, Series A holders of record on March 22, 2013, for the
period from December 31, 2012 to, but excluding, March 31, 2013.
For Canadian resident shareholders, dividends declared on both common
shares and Preferred Shares, Series A 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.
Algonquin Power & Utilities Corp. owns and operates a diversified $3.0
billion portfolio of regulated and non-regulated utilities in North
America. The company's regulated utility business is committed to
provide water, electricity and natural gas utility services to over
465,000 customers through a nationwide portfolio of regulated
generation, transmission and distribution utility systems. The
company's non-regulated electric generation subsidiary owns or has
interests in renewable energy and thermal energy facilities
representing more than 1,100 MW of installed capacity. Algonquin Power
& Utilities Corp. delivers continuing growth through an expanding
pipeline of renewable power and clean energy projects, organic growth
within its regulated utilities and the pursuit of accretive acquisition
opportunities. Common shares and preferred shares are traded on the
Toronto Stock Exchange under the symbols AQN and AQN.PR.A respectively.
Visit Algonquin Power and Utilities at www.AlgonquinPowerandUtilities.com and follow us on Twitter @AQN_Utilities.
SOURCE: Algonquin Power & Utilities Corp.
For further information:
Algonquin Power & Utilities Corp.
2845 Bristol Circle, Oakville, Ontario, L6H 7H7
Telephone: (905) 465-4500