Algonquin Power & Utilities Corp. (AQN) will release its fourth quarter and full year 2020 financial results on March 4, 2021, post-market close. A conference call will be held on March 5, 2021, at 10:00 a.m. ET, hosted by CEO Arun Banskota and CFO Arthur Kacprzak. AQN, with around $11 billion in total assets, operates as a diversified utility company focusing on renewable energy and sustainable solutions, serving over one million customer connections in the U.S. and Canada. The company continues to pursue operational excellence and growth through renewable energy projects and strategic acquisitions.
Algonquin Power & Utilities Corp. (APUC) announced the successful acquisition of Ascendant Group Limited, the sole electric utility in Bermuda. The all-cash transaction valued at approximately $365 million offers immediate benefits to APUC's 2021 Adjusted Net Earnings per share. APUC aims to enhance its presence in Bermuda, ensuring safe and reliable utility services for around 36,000 customers while promoting renewable energy initiatives. This acquisition marks APUC's 27th regulated utility since 2009, furthering its growth strategy in a high-quality jurisdiction.
Algonquin Power & Utilities Corp. (AQN) announced the appointment of Arthur Kacprzak as the new Chief Financial Officer, succeeding David Bronicheski, who has retired. Kacprzak, who joined the company in 2012, has extensive experience in corporate finance and treasury. The transition is described as part of a strategy to ensure continuity in leadership while maintaining the company's growth trajectory. APUC manages approximately $11 billion in assets and focuses on sustainable energy solutions.
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.