Algonquin Power & Utilities Corp.

Algonquin Power & Utilities Corp. Preferred 6.853% Perpetual is a type of preferred stock issued by Algonquin Power & Utilities Corp., a company known for its diverse portfolio in renewable energy and regulated utility sectors. This preferred stock offers a fixed dividend rate of 6.853%, appealing to investors seeking stable income streams. As a perpetual preferred share, it has no maturity date, meaning it pays dividends indefinitely unless the company decides to call or redeem the shares. Algonquin Power & Utilities operates and develops a portfolio of clean energy resources across North America, making significant contributions to sustainable energy production. The issuance of this perpetual preferred stock provides the company with a cost-effective way to raise capital while offering investors a reliable return in the utility and energy sectors. In the broader market, such instruments are pivotal for investors needing income stability and diversifying fixed-income allocations.