Altagas Ltd (TSE:ALA) announced a monthly dividend on Wednesday, January 10th, Zacks reports. Shareholders of record on Thursday, January 25th will be paid a dividend of 0.183 per share on Thursday, February 15th. This represents a $2.20 annualized dividend and a yield of 7.54%. The ex-dividend date of this dividend is Wednesday, January 24th.
Shares of Altagas (ALA) opened at C$29.12 on Friday. Altagas has a 52 week low of C$26.87 and a 52 week high of C$33.51. The stock has a market cap of $5,080.00, a price-to-earnings ratio of 61.96 and a beta of 0.47.
Altagas (TSE:ALA) last issued its quarterly earnings results on Thursday, October 19th. The company reported C$0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.17 by C$0.11. Altagas had a net margin of 7.04% and a return on equity of 2.07%.
A number of brokerages have recently commented on ALA. Raymond James Financial decreased 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 report on Monday, October 23rd. Beacon Securities reissued a “buy” rating on shares of Altagas in a research report on Thursday, September 21st. Scotiabank decreased 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 report on Friday, October 20th. CIBC decreased their price objective on shares of Altagas from C$38.00 to C$35.00 in a research report on Friday, October 20th. Finally, BMO Capital Markets reissued a “market perform” rating and issued a C$32.00 price objective on shares of Altagas in a research report on Friday, October 20th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of C$33.29.
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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.
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