Altagas Ltd (ALA) Plans Monthly Dividend of $0.08

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Altagas Ltd (TSE:ALA) declared a monthly dividend on Thursday, January 10th, Zacks reports. Shareholders of record on Friday, January 25th will be given a dividend of 0.08 per share on Friday, February 15th. This represents a $0.96 annualized dividend and a yield of 6.81%. The ex-dividend date is Thursday, January 24th.

ALA stock opened at C$14.10 on Friday. Altagas has a 52 week low of C$11.87 and a 52 week high of C$29.34. The company has a current ratio of 0.77, a quick ratio of 0.21 and a debt-to-equity ratio of 147.75.

Altagas (TSE:ALA) last released its quarterly earnings data on Tuesday, October 30th. The company reported C($0.07) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C($0.10) by C$0.03. The business had revenue of C$1.04 billion for the quarter, compared to the consensus estimate of C$1.12 billion. Analysts forecast that Altagas will post 1.01999995659575 EPS for the current year.

ALA has been the subject of several research reports. National Bank Financial lowered their price objective on shares of Altagas from C$28.00 to C$26.00 and set a “sector perform” rating for the company in a research report on Friday, September 14th. Canaccord Genuity lowered their target price on shares of Altagas from C$26.00 to C$24.00 in a report on Friday, September 14th. Industrial Alliance Securities lowered their target price on shares of Altagas from C$29.50 to C$28.50 in a report on Monday, September 17th. BMO Capital Markets lowered their target price on shares of Altagas from C$26.00 to C$23.00 in a report on Monday, September 17th. Finally, Raymond James lowered their target price on shares of Altagas from C$24.00 to C$22.00 in a report on Friday, October 5th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus 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.

See Also: Stochastic Momentum Index (SMI)

Dividend History for Altagas (TSE:ALA)

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