Algonquin Power & Utilities Corp. Declares Second Quarter 2014 Dividends

 Algonquin Power & Utilities Corp. Declares Second Quarter 2014 Dividends  OAKVILLE, ON, May 8, 2014 /CNW/ - 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 billion  portfolio of regulated and non-regulated utilities in North 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 at www.AlgonquinPowerandUtilities.com and follow us on  Twitter @AQN_Utilities.    SOURCE  Algonquin Power & Utilities Corp.   Kelly Castledine Algonquin Power & Utilities Corp. 2845 Bristol Circle,  Oakville, Ontario, L6H 7H7 Telephone: (905) 465-4500  Website:www.AlgonquinPowerandUtilities.com Twitter@AQN_Utilities  To view this news release in HTML formatting, please use the following URL:  http://www.newswire.ca/en/releases/archive/May2014/08/c7491.html  CO: Algonquin Power & Utilities Corp. ST: Ontario NI: OIL DIV  
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