AltaGas Ltd. (ALA) to Issue Quarterly Dividend of $0.33 on June 30th

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

AltaGas Price Performance

Shares of ALA opened at C$55.20 on Friday. The stock has a market capitalization of C$17.20 billion, a P/E ratio of 33.66, a P/E/G ratio of -4.97 and a beta of 0.33. AltaGas has a twelve month low of C$37.80 and a twelve month high of C$56.74. The company has a 50 day moving average of C$51.74 and a 200-day moving average of C$46.51. The company has a quick ratio of 0.44, a current ratio of 0.88 and a debt-to-equity ratio of 115.95.

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