Altagas Ltd (ALA) To Go Ex-Dividend on December 26th
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.
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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.
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