AltaGas Ltd. (ALA) to Issue Quarterly Dividend of $0.33 on September 29th

AltaGas Ltd. (TSE:ALA) declared a quarterly dividend on Wednesday, September 16th. Shareholders 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 2.5%. The ex-dividend date is Wednesday, September 16th.

AltaGas Stock Up 1.4%

Shares of ALA stock opened at C$53.34 on Friday. The stock’s fifty day moving average price is C$53.87 and its 200 day moving average price is C$52.09. AltaGas has a 1-year low of C$39.45 and a 1-year high of C$57.52. The company has a market cap of C$16.64 billion, a price-to-earnings ratio of 26.94, a price-to-earnings-growth ratio of -4.97 and a beta of 0.28. The company has a debt-to-equity ratio of 112.99, a current ratio of 0.86 and a quick ratio of 0.43.

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

AltaGas Company Profile

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.