Algonquin Power & Utilities Corp. announced that the board of directors of the company approved a dividend increase of USD 0.0424 annually per common share for a total annual dividend of USD 0.4659 per common share, paid quarterly at a rate of USD 0.1165 per common share. The company also announced that the board has declared a dividend of USD 0.1165 per share on its common shares, payable on April 14, 2017 to the shareholders of record on March 31, 2017 for the period from January 1, 2017 to March 31, 2017. Shareholders can elect to receive the dividend in the amount of CAD 0.1533.