- Algonquin is currently advancing a $9.2B capital program on renewables and regulated utility projects that is anticipated to support 15% CAGR in EBITDA from 2019 to 2024.
- The company’s stable cash flow is underpinned by regulated or contracted revenue through long-term power purchase agreements with creditworthy counterparties.
- Algonquin’s combination of growth and stability has enabled the company to reward shareholders with a nearly decade-long record of annual dividend increases averaging 10%.
- At current levels, Algonquin is fully valued. Investors can wait for a pullback to add new money.
For further details see:
Algonquin: Income, Stability And Growth In A Single Stock