Do you pay monthly dividends? How much each month?
Yes, we pay Cdn$.40 per share, or Cdn$0.03333 per month.
How much do I get paid as a U.S. investor, if I get paid in U.S. dollars?
The U.S. dollar amount of the dividend will fluctuate monthly due to fluctuations in foreign exchange rates. You should talk to your broker to determine how and when they select the applicable exchange rate and tax withholding.
What is your current payout ratio?
Our current payout ratio can be found in the MD&A section of our most recent Form 10-Q or 10-K, which is accessible on our website (here
What is Atlantic Power's ticker symbol?
On the Toronto Stock Exchange, the ticker symbol is ATP. On the New York Stock Exchange, the ticker symbol is AT.
Why haven't I received my dividend payment yet? Who do I contact to make it right?
Our dividends are paid on the last business day of each month to holders of record on the last day of the previous month. The ex-dividend date is three full business days prior to the record date. If you bought shares before the ex-dividend date and did not receive a dividend shortly after the last business day of the following month, please contact your broker.
How is Atlantic Power affected by a declining U.S. dollar?
As all of Atlantic Power's income is indicated in U.S. dollars, there would be some impact on our financials; however, we do have forward currency hedges in place through 2013 in amounts sufficient to make dividend payments on our shares as well as the interest payments on our convertible debentures.
Do you have a Dividend Reinvestment Program or DRIP?
Yes we do. You can find information here
Does Atlantic Power provide a K-1 or does my broker need to give me a 1099?
Atlantic Power does not provide any tax documents to our investors. You will need to contact your broker for a 1099 to file with your personal income tax return, if you are a U.S. investor, or a T-slip if you are a Canadian investor.
What exchange rate does Atlantic Power use to determine the dividend payment to a U.S. investor?
Atlantic Power is not involved in the exchange of the dividend into U.S. dollars. Your broker determines the exchange rate, and you should speak with him or her to determine how the exchange rate is selected.
Can I purchase shares directly from Atlantic Power?
No, we do not sell our shares directly.
Is Atlantic Power intending to make acquisitions?
Atlantic Power is always pursuing accretive acquisitions of power generation or transmission assets that meet our overall investment strategy as well as our risk profile.
Are Atlantic Power Corporation's dividends qualified for tax purposes?
Atlantic Power does believe that its dividends meet the Equity Test, the E&P Test, the Treaty Test and the Foreign Investment Company Exclusion Test set forth in IRS Notice 2003-79 (as extended by IRS Notice 2006-3). Therefore, and based on advice from our U.S. tax advisors, we state on our website that we believe our dividends generally should qualify for the reduced tax rate. However, there are certain shareholder-level requirements, including a minimum holding period, that must also be satisifed in order for any particular taxpayer to claim the reduced rate of tax on our (and any other U.S. or non-U.S. company's) dividends. It is up to the brokerage and the individual shareholder, together with their professional tax advisor, to determine whether these additional requirements have been met.
As described in the IRS Notices, there is not yet a clear procedure by which brokerage firms may determine in all cases whether a dividend from a foreign corporation is a qualified dividend, and to avoid any potential risk to them, brokerage firms may err on the side of reporting dividends from foreign corporations as non-qualifying. Please also note that Notice 2003-79 indicates that "a recipient of Form 1099-DIV may treat a dividend excluded from Box Ib as a qualified dividend if such person believes the dividend is a qualified dividend, subject to applicable penalties in the event the amount so reported is not in fact a qualified dividend." You may want to discuss this with your tax advisor.
Please note that it is not possible for Atlantic Power to know your individual tax circumstances and we cannot provide income tax advice. You should consult with a tax professional before making any conclusions about how to report our dividends on your tax return.