Algonquin Power & Utilities shares are trading lower after the company reported worse-than-expected Q2 revenue results and reduced its quarterly dividend by 40% to $0.065 per share.
Portfolio Pulse from Benzinga Newsdesk
Algonquin Power & Utilities shares are trading lower after the company reported worse-than-expected Q2 revenue results and reduced its quarterly dividend by 40% to $0.065 per share.
August 09, 2024 | 3:17 pm
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Algonquin Power & Utilities reported worse-than-expected Q2 revenue results and reduced its quarterly dividend by 40% to $0.065 per share, leading to a decline in its share price.
The combination of worse-than-expected Q2 revenue results and a significant 40% reduction in the quarterly dividend is likely to negatively impact investor sentiment and lead to a decline in the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100