AltaGas Ltd. (TSE:ALA) Announces Quarterly Dividend of $0.33

AltaGas Ltd. (TSE:ALA) announced a quarterly dividend on Tuesday, June 16th, TickerTech Dividends reports. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.334 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, June 16th.

AltaGas Price Performance

TSE:ALA opened at C$55.20 on Friday. AltaGas has a one year low of C$37.80 and a one year high of C$56.74. The company has a market cap of C$17.20 billion, a P/E ratio of 33.66, a P/E/G ratio of -4.97 and a beta of 0.33. The firm’s fifty day moving average price is C$51.74 and its two-hundred day moving average price is C$46.51. The company has a debt-to-equity ratio of 115.95, a current ratio of 0.88 and a quick ratio of 0.44.

AltaGas (TSE:ALA) last released its quarterly earnings data on Thursday, April 30th. The company reported C$1.33 EPS for the quarter. AltaGas had a net margin of 4.02% and a return on equity of 5.92%. The firm had revenue of C$3.97 billion for the quarter. Equities analysts expect that AltaGas will post 2.3006093 earnings per share for the current year.

About AltaGas

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through four segments: Midstream, power, utilities and corporate. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in the natural gas liquid processing and extraction, transportation, and storage. Natural gas is sold and purchased for both commercial and industrial users.