Altagas Ltd (TSE:ALA) declared a monthly dividend on Monday, December 11th, Zacks reports. Investors of record on Wednesday, December 27th will be given a dividend of 0.183 per share on Monday, January 15th. This represents a $2.20 dividend on an annualized basis and a dividend yield of 7.59%. The ex-dividend date of this dividend is Tuesday, December 26th. This is a positive change from Altagas’s previous monthly dividend of $0.18.

Altagas (ALA) traded down C$0.26 on Tuesday, reaching C$28.95. 422,419 shares of the company’s stock traded hands, compared to its average volume of 586,948. Altagas has a 1 year low of C$26.87 and a 1 year high of C$35.15.

ALA has been the topic of several research reports. Beacon Securities restated a “buy” rating on shares of Altagas in a report on Thursday, September 21st. BMO Capital Markets restated a “market perform” rating and set a C$32.00 price objective on shares of Altagas in a report on Friday, October 20th. CIBC lowered their price objective on shares of Altagas from C$38.00 to C$35.00 in a report on Friday, October 20th. Scotiabank lowered their price objective on shares of Altagas from C$36.00 to C$34.00 and set an “outperform” rating on the stock in a report on Friday, October 20th. Finally, Raymond James Financial lowered their price objective on shares of Altagas from C$32.00 to C$30.00 and set a “market perform” rating on the stock in a report on Monday, October 23rd. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of C$33.75.

In other news, insider Peter Lauren Karl sold 2,300 shares of the company’s stock in a transaction on Thursday, November 23rd. The shares were sold at an average price of C$29.66, for a total value of C$68,218.00. Also, Director David Wallace Cornhill sold 4,000 shares of the company’s stock in a transaction 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. In the last 90 days, insiders have sold 8,300 shares of company stock worth $242,658.

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About Altagas

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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