Altagas Ltd (TSE:ALA) declared a monthly dividend on Monday, September 11th, Zacks reports. Investors of record on Monday, September 25th will be given a dividend of 0.175 per share on Monday, October 16th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 7.65%. The ex-dividend date is Friday, September 22nd.

Shares of Altagas (TSE ALA) opened at 27.46 on Tuesday. The firm’s 50-day moving average is $28.12 and its 200-day moving average is $29.92. The company has a market cap of $4.71 billion and a PE ratio of 42.57. Altagas has a 1-year low of $26.87 and a 1-year high of $35.55.

Altagas (TSE:ALA) last issued its earnings results on Thursday, July 27th. The company reported $0.17 EPS for the quarter, beating the Zacks’ consensus estimate of $0.16 by $0.01. The firm had revenue of $539 million for the quarter, compared to analyst estimates of $633.11 million. Altagas had a negative return on equity of 0.93% and a net margin of 1.84%. On average, equities analysts forecast that Altagas will post $0.95 earnings per share for the current fiscal year.

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Several research firms have commented on ALA. BMO Capital Markets set a C$32.00 price objective on Altagas and gave the stock a “market perform” rating in a research report on Friday, July 28th. Royal Bank Of Canada lowered their price objective on Altagas from C$35.00 to C$33.00 and set a “sector perform” rating on the stock in a research report on Friday, July 28th. Finally, Canaccord Genuity lowered their price objective on Altagas from C$33.00 to C$31.00 and set a “hold” rating on the stock in a research report on Tuesday, July 25th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of C$35.11.

About Altagas

AltaGas Ltd is a Canada-based energy infrastructure company. The Company operates through three segments: Gas, Power and Utilities. The Gas segment transacts approximately two billion cubic feet per day (Bcf/d) of natural gas and includes natural gas gathering and processing, natural gas liquids extraction and separation, transmission, storage and natural gas marketing, as well as its interest in Petrogas Energy Corp.

Dividend History for Altagas (TSE:ALA)

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