Altagas (TSE:ALA) is set to release its earnings data before the market opens on Thursday, March 1st. Analysts expect Altagas to post earnings of C$0.32 per share for the quarter.
Altagas (TSE:ALA) opened at C$26.56 on Wednesday. The company has a market capitalization of $4,660.00, a price-to-earnings ratio of 56.51 and a beta of 0.38. Altagas has a 12-month low of C$25.42 and a 12-month high of C$31.70.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Monday, February 26th will be given a $0.183 dividend. This represents a $2.20 annualized dividend and a yield of 8.27%. The ex-dividend date of this dividend is Friday, February 23rd. Altagas’s dividend payout ratio (DPR) is presently 446.81%.
In related news, Director David Wallace Cornhill sold 4,000 shares of the company’s stock in a transaction 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.
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