OAKVILLE, ON, May 12 /PRNewswire-FirstCall/ - Algonquin Power & Utilities Corp. ("APUC") (TSX: AQN) of Oakville, Ontario announced today that its Directors have declared a dividend on its shares. The dividend is $0.065 per share payable on July 15, 2011 to the shareholders of record on June 30, 2011for the period from April 1, 2011 to June 30, 2011. For Canadian resident shareholders, dividends declared are considered as "eligible dividends" for purposes of the dividend tax credit rules contained in the Income Tax Act (Canada).
About Algonquin Power & Utilities Corp.
Through its distinct operating subsidiaries, APUC owns and operates a
diversified portfolio of $1.1 billion of clean renewable electric
generation and sustainable utility distribution businesses in North
America. Liberty Water Co., APUC's water utility subsidiary, provides
regulated water utility services to more than 73,000 customers with a
portfolio of 19 water distribution and wastewater treatment utility
systems and has entered into agreements to acquire additional utility
systems serving 7,400 customers. Through its wholly owned subsidiary
Liberty Energy Utilities Co., APUC provides regulated electricity and
natural gas distribution services, currently serving more than 47,000
electric customers in the Lake Tahoe, CA area. Pursuant to previously
announced agreements, Liberty Energy Utilities Co. is committed to
acquiring Granite State Electric Company, a New Hampshire electric
distribution company, and EnergyNorth Natural Gas Inc., a regulated
natural gas distribution utility, which together serve approximately
130,000 customers. Algonquin Power Co. (APCo), APUC's electric
generation subsidiary, includes 45 renewable energy facilities and 12
thermal energy facilities representing more than 460 MW of installed
capacity. Pursuant to a previously announced agreement APCo will be
acquiring a partial interest in an existing 370MW portfolio of New
England and New York wind projects and development opportunities
representing an additional 1,200MW of wind generation projects. APUC
and its operating subsidiaries deliver continuing growth through an
expanding pipeline of greenfield and expansion renewable power and
clean energy projects, organic growth within its regulated utilities
and the pursuit of accretive acquisition opportunities. APUC's common
shares and convertible debentures are traded on the Toronto Stock
Exchange under the symbols AQN, AQN.DB, AQN.DB.A and AQN.DB.B. Visit
Algonquin Power & Utilities Corp. on the web at www.AlgonquinPowerandUtilities.com and www.sedar.com.
Caution Regarding Forward-Looking Information
Certain statements included in this news release may contain information that is forward-looking within the meaning of certain securities laws, including information and statements regarding prospective results of operations, financial position or cash flows. These statements are based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection, including assumptions based on historical trends, current conditions and expected future developments. Since forward-looking statements relate to future events and conditions, by their very nature they require making assumptions and involve inherent risks and uncertainties. APUC cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking statements. Material risk factors include those set out in the management's discussion and analysis section of APUC's most recent annual report, most recent quarterly report, and APUC's Annual Information Form. Given these risks, undue reliance should not be placed on these forward-looking statements, which apply only as of their dates. Other than as specifically required by law, APUC undertakes no obligation to update any forward-looking statements or information to reflect new information, subsequent or otherwise.
SOURCE Algonquin Power & Utilities Corp.
