AltaGas Ltd. (TSE:ALA) Declares Quarterly Dividend of $0.33

by · The Markets Daily

AltaGas Ltd. (TSE:ALA – Get Free Report) declared a quarterly dividend on Wednesday, September 16th. Investors of record on Tuesday, September 29th will be given a dividend of 0.334 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Wednesday, September 16th.

AltaGas Stock Performance

TSE ALA opened at C$52.14 on Wednesday. The business’s 50-day moving average price is C$53.92 and its 200 day moving average price is C$51.99. The company has a current ratio of 0.86, a quick ratio of 0.43 and a debt-to-equity ratio of 112.99. AltaGas has a twelve month low of C$39.45 and a twelve month high of C$57.52. The company has a market capitalization of C$16.27 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of -4.97 and a beta of 0.28.

AltaGas (TSE:ALA – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.31 EPS for the quarter. The company had revenue of C$3.80 billion during the quarter. AltaGas had a return on equity of 7.00% and a net margin of 4.59%. On average, research analysts predict that AltaGas will post 2.3006093 earnings per share for the current year.

AltaGas Company Profile

(Get Free Report)

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through four segments: Midstream, power, utilities and corporate. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in the natural gas liquid processing and extraction, transportation, and storage. Natural gas is sold and purchased for both commercial and industrial users.

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