Key Developments: Algonquin Power & Utilities Corp (AQN.TO)

AQN.TO on Toronto Stock Exchange

8.88CAD
20 Aug 2014
Price Change (% chg)

$-0.07 (-0.78%)
Prev Close
$8.95
Open
$8.95
Day's High
$8.97
Day's Low
$8.79
Volume
327,597
Avg. Vol
294,080
52-wk High
$8.97
52-wk Low
$5.96

Search Stocks

Latest Key Developments (Source: Significant Developments)

Algonquin Power & Utilities Corp approves increase in dividend
Thursday, 14 Aug 2014 06:53pm EDT 

Algonquin Power & Utilities Corp:Says that on Aug. 14, 2014, it has approved a dividend increase from a total annual dividend of C$0.34 to a total annual dividend of $0.35, paid quarterly at a rate of $0.0875 per common share.  Full Article

Algonquin Power & Utilities Corp declares second quarter 2014 dividends
Thursday, 8 May 2014 08:00pm EDT 

Algonquin Power & Utilities Corp:Says it 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.Payable for the period from April 1, 2014 to June 30, 2014.  Full Article

Algonquin Power & Utilities Corp announces closing of acquisition of further investment in U.S. wind generation
Monday, 31 Mar 2014 08:00pm EDT 

Algonquin Power & Utilities Corp:Announced the closing of the acquisition of the remaining 40 pct. of the 400 MW wind power portfolio in the United States from Gamesa Wind US, LLC.Says total consideration of about C$115 million.  Full Article

Algonquin Power & Utilities Corp declares first quarter 2014 dividends
Friday, 7 Mar 2014 08:00am EST 

Algonquin Power & Utilities Corp:Declared a dividend of $0.085 on its common shares, payable on April 15 to the shareholders of record on March 31 for the period from Jan. 1 to March 31.The common share dividend will be paid in cash or, if a shareholder has enrolled in the shareholder dividend reinvestment plan, dividends will be reinvested in additional 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 pct discount for the first quarter of 2014.Additionally, the Board has declared a dividend of $0.28125 per Preferred Share, Series A, payable in cash on March 31 to Preferred Share, Series A holders of record on March 13 for the period from Dec. 31, 2013 to, but excluding, March 31.  Full Article

Algonquin Power & Utilities Corp announces the closing of $100 mln preferred share offering
Wednesday, 5 Mar 2014 08:15am EST 

Algonquin Power & Utilities Corp:Closing of previously announced offering of Cumulative Rate Reset Preferred Shares, Series D.APUC issued total of 4,000,000 Series D Shares at $25 per share for aggregate gross proceeds of $100 mln.Offering was made on bought deal basis through a syndicate of underwriters led by CIBC and TD Securities Inc.Net proceeds of offering will be used to partially finance certain of APUC's previously disclosed growth opportunities, reduce amounts outstanding on APUC's credit facilities and for general corporate purposes.  Full Article

Algonquin Power & Utilities Corp announces offering of 4 mln preferred shares
Monday, 24 Feb 2014 10:26am EST 

Algonquin Power & Utilities Corp:Issues 4 mln cumulative rate reset preferred shares, Series D at a price of $25.00 per share, for aggregate gross proceeds of $100 mln, on a bought deal basis to a syndicate of underwriters in Canada led by CIBC and TD Securities Inc.Holders of the Series D Shares will be entitled to receive fixed cumulative dividends at an annual rate of $1.25 per share, payable quarterly, as and when declared by the board of directors of APUC.The Series D Shares will yield 5.00 pct per cent annually, for the initial period ending on March 31, 2019.The first of such dividends, if declared, shall be payable on June 30, 2014, and shall be $0.4007 per Series D Share, based on the anticipated closing of the offering on March 5, 2014.The dividend rate will be reset on March 31, 2019 and every five years thereafter at a rate equal to the sum of the then five-year Government of Canada bond yield plus 3.28 pct.The Series D Shares are redeemable by APUC, at its option, on March 31, 2019 and on March 31 of every five years thereafter.Net proceeds of the offering will be used to partially finance certain of APUC's previously disclosed growth opportunities, reduce amounts outstanding on APUC's credit facilities and for general corporate purposes.  Full Article

Algonquin Power & Utilities Corp announces closing of private offering of C$200 mln 4.65% senior unsecured debentures
Friday, 17 Jan 2014 10:50am EST 

Algonquin Power & Utilities Corp:Says that Algonquin Power Co., APUC's non-regulated power generation subsidiary, has completed the previously announced private placement offering in Canada and the United States of C$200 million 4.65% senior unsecured debentures.Says senior unsecured debentures having a maturity date of Feb. 15, 2022 pursuant to a private placement.Says Debentures were sold at a price of $99.864per $100.00 principal amount, resulting in an effective yield to maturity of 4.671 pct per annum.Says proceeds from the APCo Debentures will be used for one or more of the following uses: towards financing the acquisition of the remaining 40 pct ownership interest in its Senate, Sandy Ridge and Minonk wind farms in the U.S.  Full Article

Algonquin Power & Utilities Corp announces private offering of senior unsecured debentures
Tuesday, 14 Jan 2014 04:45pm EST 

Algonquin Power & Utilities Corp:Says its subsidiary, Algonquin Power Co, offered for sale C$200 mln 4.65% senior unsecured debentures with a maturity date of Feb. 15, 2022.Says the APCo Debentures were offered at a price of $99.864per $100.00 principal amount, resulting in an effective yield to maturity of 4.671 pct per annum.Says the net proceeds from the APCo Debentures will be used for financing the acquisition of the remaining 40% ownership interest in its three wind farms in the U.S., to reduce amounts outstanding on project debt related to its Shady Oaks wind farm, and for general corporate purposes.  Full Article

Algonquin Power & Utilities Corp announces closing of new england natural gas distribution assets acquisition
Friday, 20 Dec 2013 02:53pm EST 

Algonquin Power & Utilities Corp:Says it has closed on a series of transactions resulting in the acquisition of the Massachusetts natural gas distribution utility assets of Southern Union Company.  Full Article

Algonquin Power & Utilities Corp announces approval of New England Natural Gas Distribution acquisition
Tuesday, 17 Dec 2013 05:16pm EST 

Algonquin Power & Utilities Corp:Says an APUC subsidiary has received all federal and state regulatory approvals required to complete the acquisition of the regulated natural gas distribution utility assets located in Massachusetts (New England Gas).Says New England Gas provides natural gas service to about 53,000 customers in Massachusetts.Says the acquisition, originally announced in Feb. 2013, is expected to close on or before Jan. 31, 2014.Says total consideration for the utility asset purchase is about C$74 mln.Says the acquisition is expected to be funded using a targeted capital structure of about 50 pct equity and 50 pct debt and will include the assumption of $19.5 mln of existing debt.  Full Article

Search Stocks