Altagas Ltd (TSE:ALA) announced a monthly dividend on Monday, December 11th, Zacks reports. Investors of record on Wednesday, December 27th will be paid 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 7.73%. 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.

Shares of Altagas (ALA) opened at C$28.41 on Monday. The stock has a market cap of $4,960.00, a PE ratio of 60.45 and a beta of 0.47. Altagas has a 1 year low of C$26.87 and a 1 year high of C$35.15.

Several equities research analysts have weighed in on ALA shares. Beacon Securities restated a “buy” rating on shares of Altagas in a research report on Thursday, September 21st. BMO Capital Markets restated a “market perform” rating and issued a C$32.00 price objective on shares of Altagas in a research 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 for the company in a research report on Friday, October 20th. 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 for the company in a research report on Monday, October 23rd. Finally, CIBC lowered their price objective on shares of Altagas from C$38.00 to C$35.00 in a research report on Friday, October 20th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Altagas has an average rating of “Buy” and an average price target of C$33.75.

In related news, Director David Wallace Cornhill sold 2,000 shares of Altagas stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of C$29.20, for a total transaction of C$58,400.00. Also, insider Peter Lauren Karl sold 2,300 shares of Altagas stock in a transaction that occurred on Thursday, November 23rd. The stock was sold at an average price of C$29.66, for a total transaction of C$68,218.00. In the last quarter, insiders have sold 8,300 shares of company stock valued at $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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