Algonquin Power & Utilities Corp. Declares Second Quarter 2014 Dividends
OAKVILLE, ON, May 8, 2014
OAKVILLE, ON, May 8, 2014 /PRNewswire/ - Algonquin Power & Utilities Corp.
("APUC") (TSX:AQN, AQN.PR.A, AQN.PR.D) announced today that the Board of
Directors of APUC (the "Board") has declared a dividend of $0.085 on its
common shares, payable on July 15, 2014 to the shareholders of record on June
30, 2014 for the period from April 1, 2014 to June 30, 2014.
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 second
quarter of 2014.
Additionally, the Board has declared the following preferred share dividends:
1.$0.28125 per Preferred Share, Series A, payable in cash on June 30, 2014
to Preferred Share, Series A holders of record on June 13, 2014, for the
period from March 31, 2014 to, but excluding, June 30, 2014.
2.$0.4007 per Preferred Share, Series D, payable in cash on June 30, 2014 to
Preferred Share, Series D holders of record on June 13, 2014 for the
period from March 5, 2014 to, but excluding, June 30, 2014.
For Canadian resident shareholders, dividends declared on both common shares
and preferred shares 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 owns and operates a diversified$3.7
billionportfolio of regulated and non-regulated utilities inNorth America.
The regulated utility business provides water, electricity and natural gas
utility services to over 480,000 customers through a portfolio of regulated
generation, transmission and distribution utility systems. The 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 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, AQN.PR.A and AQN.PR.D. Visit Algonquin
Power & Utilities atwww.AlgonquinPowerandUtilities.comand follow us on
SOURCE Algonquin Power & Utilities Corp.
Algonquin Power & Utilities Corp.
2845 Bristol Circle, Oakville, Ontario, L6H 7H7
Telephone: (905) 465-4500
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