Altagas Ltd Announces Monthly Dividend of $0.18 (TSE:ALA)

Altagas Ltd (TSE:ALA) declared a monthly dividend on Wednesday, January 10th, Zacks reports. Shareholders of record on Thursday, January 25th will be given a dividend of 0.183 per share on Thursday, February 15th. This represents a $2.20 annualized dividend and a yield of 8.45%. The ex-dividend date of this dividend is Wednesday, January 24th.

Shares of Altagas (TSE:ALA) traded up C$0.02 on Wednesday, hitting C$25.98. The stock had a trading volume of 587,881 shares, compared to its average volume of 599,343. The firm has a market cap of $4,530.00, a PE ratio of 55.28 and a beta of 0.38. Altagas has a fifty-two week low of C$25.42 and a fifty-two week high of C$31.70.

A number of brokerages have commented on ALA. Canaccord Genuity decreased their price objective on Altagas from C$31.00 to C$28.00 in a research report on Wednesday. BMO Capital Markets reduced their price target on Altagas from C$32.00 to C$30.00 in a research report on Tuesday, February 6th. National Bank Financial lowered Altagas from an “outperform overweight” rating to a “sector perform overweight” rating in a research report on Sunday, January 28th. Raymond James Financial dropped their price objective on 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, Scotiabank dropped their price target on 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. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of C$31.67.

In other news, Director David Wallace Cornhill sold 4,000 shares of the business’s 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. Also, insider Peter Lauren Karl sold 2,300 shares of the business’s stock in a transaction that occurred on Thursday, November 23rd. The stock was sold at an average price of C$29.66, for a total value of C$68,218.00.

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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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