Altagas Ltd (ALA) Declares $0.08 Monthly Dividend

Altagas Ltd (TSE:ALA) announced a monthly dividend on Monday, February 11th, Zacks reports. Shareholders of record on Monday, February 25th will be given a dividend of 0.08 per share on Friday, March 15th. This represents a $0.96 dividend on an annualized basis and a yield of 6.46%. The ex-dividend date is Friday, February 22nd.

Shares of ALA stock opened at C$14.85 on Tuesday. Altagas has a 12-month low of C$11.87 and a 12-month high of C$28.45. The company has a current ratio of 0.77, a quick ratio of 0.21 and a debt-to-equity ratio of 147.75. The stock has a market capitalization of $4.09 billion and a PE ratio of -4.28.

Several equities research analysts have recently issued reports on the company. Raymond James reduced their target price on Altagas from C$24.00 to C$22.00 in a report on Wednesday, January 9th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a C$14.00 target price on shares of Altagas in a report on Wednesday, December 19th. Desjardins reaffirmed a “buy” rating and issued a C$18.00 target price on shares of Altagas in a report on Monday, December 17th. BMO Capital Markets reduced their target price on Altagas from C$20.00 to C$17.00 and set a “market perform” rating on the stock in a report on Friday, December 14th. Finally, CIBC reduced their target price on Altagas from C$24.00 to C$20.00 in a report on Friday, December 14th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of C$20.59.

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Altagas Company Profile

AltaGas Ltd. operates as a diversified energy infrastructure company in North America. It operates through three segments: Gas, Power, and Utilities. The Gas segment engages in natural gas gathering and processing; natural gas liquids (NGL) extraction and separation, transmission, and storage; and natural gas and NGL marketing activities, as well as buying and selling natural gas.

Further Reading: How Do You Calculate Return on Equity (ROE)?

Dividend History for Altagas (TSE:ALA)

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