AltaGas Ltd. (ALA) to Issue Quarterly Dividend of $0.33 on June 30th

AltaGas Ltd. (TSE:ALA) announced a quarterly dividend on Tuesday, June 16th, TickerTech Dividends reports. Investors 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 Stock Performance

ALA opened at C$55.20 on Friday. The business has a fifty day simple moving average of C$51.74 and a 200 day simple moving average of C$46.51. The company has a market capitalization of C$17.20 billion, a PE ratio of 33.66, a price-to-earnings-growth ratio of -4.97 and a beta of 0.33. AltaGas has a 1 year low of C$37.80 and a 1 year high of C$56.74. 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 results on Thursday, April 30th. The company reported C$1.33 earnings per share (EPS) for the quarter. The business had revenue of C$3.97 billion during the quarter. AltaGas had a return on equity of 5.92% and a net margin of 4.02%. Research analysts expect that AltaGas will post 2.3006093 EPS 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.