Tag #Dividend Cuts

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Algonquin Power Stock Plummets 72%, Undergoes Restructuring

Algonquin Power & Utilities Corp.'s stock price has fallen 72 percent since February 2021 due to two 40 percent dividend cuts resulting from rising debt costs; the company is restructuring by selling assets to become a pure-play regulated utility, impacting earnings in the short term but offering po...

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