Altagas Ltd Plans Monthly Dividend of $0.18 (ALA)

Altagas Ltd (TSE:ALA) declared a monthly dividend on Monday, February 12th, Zacks reports. Investors of record on Monday, February 26th will be paid a dividend of 0.183 per share on Thursday, March 15th. This represents a $2.20 dividend on an annualized basis and a yield of 8.46%. The ex-dividend date is Friday, February 23rd.

Shares of Altagas (TSE:ALA) traded down C$0.29 during trading on Tuesday, reaching C$25.96. 572,521 shares of the company were exchanged, compared to its average volume of 595,361. The company has a market cap of $4,530.00, a PE ratio of 55.23 and a beta of 0.38. Altagas has a 52 week low of C$25.42 and a 52 week high of C$31.70.

Several equities analysts have issued reports on ALA shares. Scotiabank lowered their target price on shares of Altagas from C$36.00 to C$34.00 and set an “outperform” rating on the stock in a research note on Friday, October 20th. National Bank Financial cut shares of Altagas from an “outperform overweight” rating to a “sector perform overweight” rating in a research note on Sunday, January 28th. BMO Capital Markets lowered their target price on shares of Altagas from C$32.00 to C$30.00 in a research note on Tuesday, February 6th. Raymond James Financial lowered their target price on shares of Altagas from C$32.00 to C$30.00 and set a “market perform” rating on the stock in a research note on Monday, October 23rd. Finally, CIBC lowered their target price on shares of Altagas from C$38.00 to C$35.00 in a research note on Friday, October 20th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of C$32.17.

In other news, insider Peter Lauren Karl sold 2,300 shares of the 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 4,000 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of C$29.01, for a total transaction of C$116,040.00.

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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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