AltaGas Ltd. (TSE:ALA) Plans Quarterly Dividend of $0.32

Key Points

• AltaGas Ltd. has announced a quarterly dividend of $0.32 per share, payable on September 29th to investors of record as of September 16th.
• The company currently has a market capitalization of C$12.18 billion and has experienced a stock price fluctuation between a 12-month low of C$31.67 and a high of C$41.37.
• AltaGas operates through four segments: Midstream, power, utilities, and corporate, focusing on energy infrastructure across North America.

AltaGas Ltd. (TSE:ALA - Get Free Report) declared a quarterly dividend on Friday, August 1st, RTT News reports. Stockholders of record on Tuesday, September 16th will be given a dividend of 0.315 per share on Monday, September 29th. This represents a c) annualized dividend and a dividend yield of 3.1%.

AltaGas Price Performance

AltaGas stock traded up C$0.37 during mid-day trading on Friday, hitting C$41.28. 688,864 shares of the company were exchanged, compared to its average volume of 809,582. AltaGas has a 12-month low of C$31.67 and a 12-month high of C$41.51. The company has a market capitalization of C$12.29 billion, a P/E ratio of 23.93, a PEG ratio of -4.97 and a beta of 1.23. The business's 50 day simple moving average is C$39.12 and its two-hundred day simple moving average is C$37.79. The company has a debt-to-equity ratio of 135.26, a current ratio of 1.03 and a quick ratio of 0.44.

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.