Utility operator Atlantic Power (NYSE:AT) announced today that its monthly June dividend of $0.03333 Canadian per share, will be the same rate it's paid for the past three months after having slashed the payout 65% in February from $0.0958 Canadian per share.
The board of directors said the quarterly dividend is payable on July 31 to the holders of record at the close of business on June 28. Atlantic has made a regular monthly payment every year since 2009.
The regular dividend payment equates to a $0.40-per-share Canadian annual dividend, yielding 8.4% based on the closing price of Atlantic Power's stock today.
Fool contributor Rich Duprey and The Motley Fool have no position in any stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.