Algonquin Power & Utilities Corp. Declares Third Quarter 2014 Dividends and Announces a 12.4% Common Share Dividend Increase

Algonquin Power & Utilities Corp. Declares Third Quarter 2014 Dividends and 
Announces a 12.4% Common Share Dividend Increase 
OAKVILLE, ON, Aug. 14, 2014 /CNW/ - Algonquin Power & Utilities Corp. ("APUC" 
or the "Company") (TSX:AQN, AQN.PR.A, AQN.PR.D) announced today that the Board 
of Directors of APUC (the "Board") has approved a dividend increase from a 
total annual dividend of CDN $0.34 to a total annual dividend of U.S. $0.35, 
paid quarterly at a rate of U.S. $0.0875 per common share.  Based on the Bank 
of Canada noon U.S. dollar exchange rate as of August 14, 2014, the change in 
dividend is an equivalent dividend of CDN $0.382 which represents an 
approximate 12.4% annual increase. 
The Board made the strategic decision to change to a U.S. dollar denominated 
dividend to better align APUC's dividend policy with the currency profile of 
its cash flows, which are predominantly generated in the U.S. 
APUC also announced today that the Board has declared a dividend of U.S. 
$0.0875 per share on its common shares, payable on October 15, 2014 to the 
shareholders of record on September 30, 2014 for the period from July 1, 2014 
to September 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, based on equivalent Canadian funds. 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 third quarter of 2014. 
Additionally, the Board has declared the following preferred share dividends: 
1. CDN $0.28125 per Preferred Share, Series A, payable in cash on 


     September 30, 2014 to Preferred Share, Series A holders of record
     on September 15, 2014, for the period from June 30, 2014 to, but


 excluding, September 30, 2014.
  2. CDN $0.3125 per Preferred Share, Series D, payable in cash on 


     September 30, 2014 to Preferred Share, Series D holders of record
     on September 15, 2014 for the period from June 30, 2014 to, but
     excluding, September 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).

The quarterly dividends payable on common shares are declared in U.S. dollars. 
Beneficial shareholders (those who hold common shares through a financial 
intermediary) who are resident in Canada or the United States may opt to 
receive their dividends in either U.S. dollars or the Canadian dollar 
equivalent by contacting the financial intermediary with whom the common 
shares are held. Unless the Canadian dollar equivalent is requested, 
shareholders will receive dividends in U.S. dollars, which, as is often the 
case, the financial intermediary may convert to Canadian dollars. Registered 
shareholders receive dividend payments in the currency of residency. 
Registered shareholders may opt to change the payment currency by contacting 
CST Trust Company at 1-800-387-0825 prior to the record date of the dividend.

The Canadian dollar equivalent of the quarterly dividend is based on the Bank 
of Canada noon exchange rate on the record date or, if the record date falls 
on a weekend or holiday, on the Bank of Canada noon exchange rate of the 
preceding business day.

About Algonquin Power & Utilities Corp.

Algonquin Power & Utilities owns and operates a diversified $3.6 billion 
portfolio of regulated and non-regulated utilities in North America. The 
regulated utilities provide water, electricity and natural gas services to 
485,000 customers through a portfolio of generation, transmission and 
distribution utility systems. The non-regulated electric generation utility 
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/August2014/14/c3440.html 
CO: Algonquin Power & Utilities Corp.
ST: Ontario
NI: OIL DIV  
-0- Aug/14/2014 21:10 GMT
 
 
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