Albert Alfonso
Dividend investing, dividend growth investing, master limited partnerships, oil & gas

Atlantic Power: A Tale Of Misinformation

When I first read that Atlantic Power (NYSE:AT) had announced that it would be reducing its dividend 65%, I was quite surprised. Actually, I was in a state of semi-shock. I had previously owned this stock and had written about the Florida asset sales; however, this news forced me to quickly sell my shares. I had calculated that Atlantic Power would be able to replace most of its lost adjusted EBITDA with the new projects it had coming online in 2013. This turned out to be partially correct, as the new projects are projected to add between $45M to $65M in adjusted EBITDA while the Florida assets generated $82M in adjusted EBITDA. Using the midpoint adjusted EBITDA

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