Algonquin Power: Diversified Canadian Utility With Mainly U.S. Revenues
- Algonquin Power is a stealth water utility, representing 5.8% of revenue. Pending acquisition will increase water customer count by 70%,.
- Recent dividend increase of 12% and change in payment currency is US shareholder friendly. Dividend growth investors should take notice.
- Many utility investors, even income investors looking for small-cap opportunities, overlook Algonquin Power.