Welcome to our dedicated page for Algonquin Power news (Ticker: AQN), a resource for investors and traders seeking the latest updates and insights on Algonquin Power stock.
Algonquin Power & Utilities Corp. reports developments for a diversified international generation, transmission and distribution utility operating through Liberty. The company’s updates center on regulated electric, natural gas, water distribution and wastewater systems, along with Canadian hydroelectric generation assets retained outside the sale of its renewable energy business.
Recurring news themes include quarterly and annual financial results, utility rate-case proceedings, regulated capital plans, cost and operating discipline, common and preferred share dividends, debt reduction, and executive leadership changes. Coverage also reflects the company’s strategic focus on electric, gas and water regulated utility operations across its principal North American markets.
Algonquin Power & Utilities Corp. (AQN) announced preferred share dividends for Q3 2020. Series A shareholders will receive C$0.32263 and Series D shareholders C$0.31819, both payable on September 30, 2020, to shareholders on record as of September 15, 2020. These dividends qualify as eligible dividends under Canadian tax laws. APUC, with assets of approximately $11 billion, operates in energy and water solutions, serving around 807,000 connections in the U.S. and Canada, and is recognized for its renewable energy initiatives.
Algonquin Power & Utilities Corp. (AQN) announced a dividend of U.S. $0.1551 per share for the third quarter of 2020. This dividend is payable on October 15, 2020, to shareholders on record as of September 30, 2020, for the period from July 1 to September 30, 2020. Shareholders can opt for cash dividends in Canadian dollars at C$0.2056. APUC, a leader in renewable energy, manages approximately $11 billion in assets and serves about 807,000 connections in North America.
Algonquin Power & Utilities Corp. and Chevron U.S.A. have announced a collaboration to co-develop renewable energy projects expected to generate over 500 megawatts (MW) of electricity. This four-year agreement aims to support Chevron's global operations while reducing its carbon footprint. The projects, planned to commence in 2021, will be located in the U.S. Permian Basin, Argentina, Kazakhstan, and Western Australia. This initiative aligns with Chevron's commitment to cleaner energy and represents a significant capacity equivalent to powering 400,000 U.S. households for a year.
Algonquin Power & Utilities Corp. (AQN) will release its Q2 2020 financial results on August 13, 2020, post market hours. A conference call will follow on August 14, 2020, at 10:00 a.m. ET, led by CEO Arun Banskota and CFO David Bronicheski. The call can be accessed via toll-free numbers in Canada and the U.S. APUC operates with approximately $11 billion in total assets, serving around 805,000 connections in North America. The company continues to expand its renewable energy portfolio, with over 2 GW of installed capacity.
Algonquin Power & Utilities Corp. (TSX: AQN) announced the retirement of CEO Ian Robertson and the appointment of Arun Banskota as the new CEO effective July 17, 2020. This transition, part of a multi-year initiative, aims to maintain the company's growth trajectory and deliver long-term shareholder value. Under Robertson, APUC grew to approximately U.S. $11 billion in assets and expanded its renewable energy capacity. Banskota, previously President and with extensive experience in the energy sector, will continue executing APUC's strategic growth plan in the evolving utility landscape.
Algonquin Power & Utilities Corp. (AQN) announced the successful closing of a bought deal public offering and a concurrent registered offering, raising a total of $983 million. The bought deal generated $633 million from the sale of 36,995,500 shares at $17.10 each, while a concurrent offering of 20,470,000 shares further contributed $350 million. Proceeds will be allocated towards renewable development projects and general corporate purposes. APUC's total assets amount to approximately $11 billion, fueling growth in utility services.