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

AltaGas Ltd. (TSE:ALA) announced a quarterly dividend on Wednesday, September 16th. Stockholders of record on Tuesday, September 29th will be given a dividend of 0.334 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, September 16th.

AltaGas Trading Up 0.9%

ALA opened at C$52.61 on Thursday. The company has a quick ratio of 0.43, a current ratio of 0.86 and a debt-to-equity ratio of 112.99. AltaGas has a 52 week low of C$39.45 and a 52 week high of C$57.52. The business’s 50 day moving average is C$53.89 and its two-hundred day moving average is C$52.04. The firm has a market cap of C$16.41 billion, a price-to-earnings ratio of 26.57, a price-to-earnings-growth ratio of -4.97 and a beta of 0.28.

AltaGas (TSE:ALA) last released its quarterly earnings results on Thursday, July 30th. The company reported C$0.31 earnings per share (EPS) for the quarter. The firm had revenue of C$3.80 billion for the quarter. AltaGas had a return on equity of 7.00% and a net margin of 4.59%. On average, research analysts predict that AltaGas will post 2.3006093 EPS for the current year.

AltaGas Company Profile

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.