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

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

AltaGas Price Performance

Shares of TSE ALA opened at C$55.20 on Friday. The stock has a market cap of C$17.20 billion, a price-to-earnings ratio of 33.66, a PEG ratio of -4.97 and a beta of 0.33. AltaGas has a 52 week low of C$37.80 and a 52 week high of C$56.74. The company’s 50-day moving average price is C$51.74 and its 200 day moving average price is C$46.51. The company has a current ratio of 0.88, a quick ratio of 0.44 and a debt-to-equity ratio of 115.95.

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