Altagas Ltd (TSE:ALA) Plans $0.08 Monthly Dividend

Altagas Ltd (TSE:ALA) declared a monthly dividend on Wednesday, July 10th, Zacks reports. Investors of record on Thursday, July 25th will be paid a dividend of 0.08 per share on Thursday, August 15th. This represents a $0.96 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date is Wednesday, July 24th.

Shares of ALA opened at C$19.62 on Monday. The firm has a market capitalization of $5.41 billion and a P/E ratio of 18.87. Altagas has a 1-year low of C$11.87 and a 1-year high of C$27.56. The stock’s fifty day moving average price is C$19.68. The company has a debt-to-equity ratio of 111.23, a quick ratio of 0.44 and a current ratio of 0.60.

Altagas (TSE:ALA) last released its quarterly earnings data on Thursday, May 2nd. The company reported C$0.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.62 by C$0.11. The company had revenue of C$1.90 billion during the quarter, compared to analyst estimates of C$1.63 billion. On average, analysts predict that Altagas will post 1.1199999 earnings per share for the current year.

ALA has been the topic of several research reports. BMO Capital Markets reiterated a “buy” rating on shares of Gran Tierra Energy in a report on Wednesday, June 26th. JPMorgan Chase & Co. upped their price objective on shares of Masonite International from $66.00 to $71.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Industrial Alliance Securities upped their price target on shares of Altagas from C$21.50 to C$23.00 and gave the company a “buy” rating in a research note on Thursday, June 27th. National Bank Financial set a C$1.90 price target on shares of Troilus Gold and gave the company an “outperform” rating in a research note on Friday, May 3rd. Finally, Raymond James set a $60.00 price target on shares of Banner and gave the company a “buy” rating in a research note on Friday, May 3rd. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of C$19.95.

Altagas Company Profile

AltaGas Ltd. operates as a diversified energy infrastructure company in North America. The company operates through three segments: Utilities, Midstream, and Power. The Utilities segment owns and operates regulated natural gas distribution utilities in Michigan, Alaska, the District of Columbia, Maryland, and Virginia; and 2 regulated natural gas storage utilities in the United States serving approximately 1.6 million customers.

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Dividend History for Altagas (TSE:ALA)

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