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Atlantic Power eliminates dividend

Feb. 10, 2016 8:28 AM ETAtlantic Power Corporation (AT-OLD) StockBy: Carl Surran, SA News Editor13 Comments
  • Atlantic Power (NYSE:AT-OLD) announces changes to its capital allocation strategy, including eliminating the common stock dividend, effective immediately.
  • AT says it will prioritize allocation of its discretionary capital to equity and debt repurchases, and has identified additional high-return investments in its existing projects as well as potential repowering projects linked to extensions of power purchase agreements.
  • AT also reaffirms its 2015 guidance for adjusted EBITDA of $200M-$215M, adjusted cash flows from operating activities of $95M-$105M and adjusted free cash flow of $0-$10M.

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