Algonquin Power & Utilities Corp. Declares First Quarter 2013 Dividends
OAKVILLE, ON, March 14, 2013
OAKVILLE, ON, March 14, 2013 /PRNewswire/ - 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 31, 2013.
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
About Algonquin Power & Utilities Corp.
Algonquin Power & Utilities Corp. owns and operates a diversified$3.0
billionportfolio of regulated and non-regulated utilities inNorth 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
atwww.AlgonquinPowerandUtilities.comand follow us on Twitter@AQN_Utilities.
SOURCE Algonquin Power & Utilities Corp.
Algonquin Power & Utilities Corp.
2845 Bristol Circle, Oakville, Ontario, L6H 7H7
Telephone: (905) 465-4500
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