Algonquin Power & Utilities Corp. Declares Second Quarter 2014 Dividends

   Algonquin Power & Utilities Corp. Declares Second Quarter 2014 Dividends

PR Newswire

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 
Twitter@AQN_Utilities.

SOURCE Algonquin Power & Utilities Corp.

Contact:

Kelly Castledine
Algonquin Power & Utilities Corp.
2845 Bristol Circle, Oakville, Ontario, L6H 7H7
Telephone: (905) 465-4500
Website:www.AlgonquinPowerandUtilities.com
Twitter@AQN_Utilities
 
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