Altagas Ltd (ALA) Declares Monthly Dividend of C$0.15
Altagas (TSE:ALA) declared a Monthly dividend on Thursday, August 21st, Stock Ratings News reports. Shareholders of record on Monday, September 15th will be given a dividend of 0.1475 per share on Monday, September 15th. This represents a yield of 3.59%. The ex-dividend date of this dividend is Thursday, August 21st.
Several analysts have recently commented on the stock. Analysts at Scotiabank raised their price target on shares of Altagas from C$47.00 to C$49.00 in a research note on Friday, August 1st. They now have a “sector perform” rating on the stock. On a related note, analysts at TD Securities raised their price target on shares of Altagas from C$53.00 to C$55.00 in a research note on Friday, August 1st. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Altagas from C$50.00 to C$53.00 in a research note on Friday, August 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of C$51.71.
Altagas (TSE:ALA) opened at 52.00 on Thursday. Altagas has a 1-year low of $34.80 and a 1-year high of $53.06. The stock’s 50-day moving average is $49.45 and its 200-day moving average is $47.00. The company has a market cap of $6.428 billion and a price-to-earnings ratio of 38.90.
Altagas (TSE:ALA) last announced its earnings results on Friday, August 1st. The company reported $0.22 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.22. Analysts expect that Altagas will post $1.57 EPS for the current fiscal year.
AltaGas Ltd. Is a Canada-based diversified energy infrastructure business with a focus on natural gas, power and regulated utilities.
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