Altagas Ltd (TSE:ALA) declared a monthly dividend on Monday, December 11th, Zacks reports. Investors of record on Wednesday, December 27th will be paid a dividend of 0.183 per share on Monday, January 15th. This represents a $2.20 annualized dividend and a yield of 7.52%. The ex-dividend date is Tuesday, December 26th. This is a positive change from Altagas’s previous monthly dividend of $0.18.

Shares of Altagas (ALA) traded up C$0.37 during trading hours on Tuesday, reaching C$29.21. 864,037 shares of the company traded hands, compared to its average volume of 586,948. Altagas has a 12 month low of C$26.87 and a 12 month high of C$35.15.

In other news, insider Peter Lauren Karl sold 2,300 shares of the business’s stock in a transaction that occurred on Thursday, November 23rd. The shares were sold at an average price of C$29.66, for a total value of C$68,218.00. Also, Director David Wallace Cornhill sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of C$29.20, for a total transaction of C$58,400.00. Over the last quarter, insiders have sold 8,300 shares of company stock valued at $242,658.

ALA has been the subject of several recent analyst reports. Beacon Securities reaffirmed a “buy” rating on shares of Altagas in a research note on Thursday, September 21st. BMO Capital Markets reaffirmed a “market perform” rating and set a C$32.00 price objective on shares of Altagas in a research note on Friday, October 20th. CIBC reduced their price objective on shares of Altagas from C$38.00 to C$35.00 in a research note on Friday, October 20th. Scotiabank reduced their price objective on shares of Altagas from C$36.00 to C$34.00 and set an “outperform” rating for the company in a research note on Friday, October 20th. Finally, Raymond James Financial reduced their price objective on shares of Altagas from C$32.00 to C$30.00 and set a “market perform” rating for the company in a research note on Monday, October 23rd. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$33.75.

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Altagas Company Profile

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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