Hey folks have I told you how much I love dividend investing? I love getting raises for doing nothing. In just 16 days into the new year my portfolio has received three dividend increases all have been raises of 10%. With these three increases my forward income has improved by $57.50.
On January 16th Algonquin Power & Utilities announced a 10% to their dividend.
Algonquin Power & Utilities Corp. is a North American diversified generation, transmission, and distribution utility with over $10 billion of total assets. The distribution business group provides rate regulated water, electricity and natural gas utility services to over 782,000 customers in the United States. The generation business group owns a portfolio of regulated and long-term contracted North American based wind, solar, hydroelectric and thermal generating facilities representing more than 2,500 MW of installed capacity. The transmission business group invests in rate regulated electric transmission and natural gas pipeline systems in the United States and Canada. APUC delivers continuing growth through an expanding pipeline of renewable energy development projects, organic growth within its regulated distribution and transmission businesses, and the pursuit of accretive acquisitions.
(Source: Company Website)
Before this announcement Algonquin Power & Utilities paid a dividend of USD $0.1059 that now increases to USD $0.1165. I currently own 309 shares and this is the 3rd increase I have received since owning the stock. With the current exchange rate my forward income will be USD $13.12 ( $17.42 Canadian).
Congratulations on the raise to everyone who owns the stock.
Thanks for reading.