Brief: Algonquin Power & Utilities Corp Provides Business Update In Connection With Investor Call

Algonquin Power & Utilities

12/01/2023 12:16

Jan 12 (Reuters) - Algonquin Power & Utilities Corp
 AQN.TO :
    * ALGONQUIN POWER & UTILITIES CORP. PROVIDES BUSINESS UPDATE
IN
CONNECTION WITH INVESTOR CALL
    * ALGONQUIN POWER & UTILITIES CORP - INTENDS TO REFOCUS ITS
PORTFOLIO BY TARGETING APPROXIMATELY $1 BILLION OF ADDITIONAL
ASSET SALES
    * ALGONQUIN POWER & UTILITIES CORP - EFFECTIVE FOR ITS Q1
2023
DIVIDEND INTENDS TO LOWER ITS QUARTERLY DIVIDEND FROM $0.1808 TO
$0.1085 PER COMMON SHARE
    * ALGONQUIN POWER & UTILITIES- EXPECTS ADJUSTED NET EARNINGS
PER
COMMON SHARE, EXCLUDING GAINS OR LOSSES ON ASSET SALES, OF $0.55
TO $0.61 FOR 2023 FISCAL YEAR
    * ALGONQUIN POWER & UTILITIES CORP - AQN WILL BE SUSPENDING
ITS
DIVIDEND REINVESTMENT PLAN ("DRIP") FOR ITS COMMON SHARES

Source text for Eikon:  ID:nCNWHWKqRa 
Further company coverage:  AQN.TO 
 ((Reuters.Briefs@thomsonreuters.com;))