The ex-dividend date of this dividend is Wednesday, February 24th. AltaGas stock has lost nearly half of its value in the last year. ... 13%, so expect a 50% dividend cut. Receive a free world-class investing education from MarketBeat. A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. AltaGas Ltd. AltaGas pays an annual dividend of C$0.96 per share, with a dividend yield of 4.74%. It operates through three segments: Midstream Power and Utilities. Do Not Sell My Information. Calgary-based AltaGas bought a one-third interest in Petrogas for about $440 million in 2013 as part of a transaction that allowed joint venture partner Tokyo-based Idemitsu Kosan … What AltaGas Ltd.'s (TSE:ALA) ROE Can Tell Us, Minister Bibeau holds First Bilateral Discussion with U.S. Secretary of Agriculture Vilsack, CDW (NASDAQ:CDW) Has Rewarded Shareholders With An Exceptional 307% Total Return On Their Investment, AltaGas' Normalized Earnings in Fourth Quarter of 2020 Down Year over Year, -- Earnings Flash (ALA.TO) ALTAGAS Posts Q4 EPS C$0.17, -- Earnings Flash (ALA.TO) ALTAGAS Posts Q4 Revenue C$1.69 Billion, vs. Street Est of C$1.23 Billion, -- Earnings Flash (ALA.TO) ALTAGAS Posts Q4 Revenue C$1.69 Billion, vs. Street Est of CAD1.23 Billion, AltaGas Announces Strong Q4 and 2020 Results, PetroShale Provides Information on Preferred Share Dividend Settlement, AltaGas Ltd. to Issue Fourth Quarter and Full Year 2020 Results, AltaGas Appoints New Independent Director, AltaGas Announces Board of Director Transition, SEMCO Energy, Inc. -- Moody's upgrades SEMCO Energy to A3; assigns A1 senior secured rating; stable outlook. The EV/EBITDA NTM ratio of AltaGas Ltd. is lower than its historical 5-year average: 10.9. The company traded as high as C$17.75 and last traded at C$19.72, with a volume of 968663 shares trading hands. AltaGas Ltd. (TSE:ALA) has been assigned an average recommendation of “Buy” from the fourteen analysts that are currently covering the stock, MarketBeat reports. The payout ratio is the percentage of total dividends paid / net income. View BCE's dividend history, dividend yield, date and payout ratio at MarketBeat. The company operates in three business segments: gas, power generation, and utilities. Systems Announces Acquisition of Annex Consulting Group, -- AltaGas Brief: Reinstated at Outperform With $22 Price Target by ATB, says BNN Bloomberg TV. You can opt out at any time. The dividend growth rate averaged 8.8%. Find out all the key statistics for ALTAGAS LTD. (ALA.TO), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. Find out all the key statistics for ALTAGAS LTD. (ALA.TO), including valuation measures, fiscal year financial statistics, trading record, share statistics and more. ... Payout Ratio. S.i. ALA's … To see all exchange delays and terms of use please see disclaimer. The stock had previously closed at C$20.06. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Entity with Fitch Analyst Adjusted Financials as featured on Fitch Ratings. Learn more. Since Altagas converted from an income trust to a corporation, it has steadily raised its dividend per share consecutively for five years. This has been a complete disaster. Nevertheless, Altagas reported a … AltaGas Ltd. (TSE:ALA) reached a new 52-week high on Thursday after the company announced a dividend. Last Close Price: $19.79. AltaGas pays monthly dividends which have reduced recently as a result of the company’s focus on paying down its debt through asset sales. © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. View and export this data going back to 1999. AltaGas is a North American energy infrastructure company based in Calgary, Alberta. Get daily stock ideas top-performing Wall Street analysts. That?s one of the main reasons that some investors are doubting that Altagas?s 7% yield is sustainable when compared to 3.58% dividend yield offered by Fortis. The dividend-payout ratio of Altagas is 322%, which seems too high. All rights reserved. AltaGas's dividend payout ratio for the months ended in Sep. 2020 was 0.00. AltaGas’s dividend payout ratio is currently 80.67%. MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools. See what's happening in the market right now with MarketBeat's real-time news feed. View which stocks are hot on social media with MarketBeat's trending stocks report. This metric is important for dividend investors as it can be used to give an idea of how much of a dividend payout you are expected to receive. Sign in. An error occurred. Learn more. The EV/EBITDA NTM ratio of AltaGas Ltd. is significantly higher than the average of its sector (Exploration & Production): 4.86. … Please log in to your account or sign up in order to add this asset to your watchlist. View Payout Ratio for ALA.TO. AltaGas pays an annual dividend of C$0.96 per share, with a dividend yield of 4.87%. ALTAGAS operates under UtilitiesRegulated Gas classification in Canada and is traded on Toronto Stock Exchange. Even though the dividend payout has been cut to $0.96 from $2.19, the company sports a low payout ratio of 25% and an annual average dividend yield of 4.8%, which is pretty attractive for a utilities company. The average 1 year price target among analysts that have issued a report on the stock in the last year […] Learn about financial terms, types of investments, trading strategies and more. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.06%. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. Identify stocks that meet your criteria using seven unique stock screeners. My personal commitment is to ensure that our people remain committed to support diversity, inclusion and innovative thought in our workplace and in the manner in which we operate within our communities. According to these financial ratios AltaGas Ltd.'s valuation is way above the market valuation of its sector. Please try again by refreshing your browser or contact us with details of your problem. Yield: 5.03%. It employs 2801 people. Export data to Excel for your own analysis. Dividend Coverage: With its reasonable payout ratio (55.4%), ALA's dividend payments are covered by earnings. AltaGas Ltd is a Canada-based diversified energy infrastructure company. The dividend payout ratio of AltaGas Ltd is 0.81, which seems too high. Already a subscriber? Gas distribution charges include the fixed charges, variable energy charges, demand charge (where applicable), and exclude the gas cost. … Learn everything you need to know about successful options trading with this three-part video course. Already a subscriber? A company that pays out close to half its earnings as dividends and retains the other half of earnings has ample room to grow its business and pay out more dividends in the future. Market Cap: 5.53B. Frequency: Monthly. ATGFF | Complete AltaGas Ltd. stock news by MarketWatch. 1 Most Franchise Fees are applied only to the gas distribution charges on your bill. © American Consumer News, LLC dba MarketBeat® 2010-2021. View and export this data going back to 1999. Although AltaGas will hold ~37% to 45% of AltaGas Canada at the close of the initial public offering, it is not as good as owning all of those assets. ... Dividend Payout Ratio: Latest dividend payout is the % of net income paid to stockholders in dividends. Fundamental company data provided by Zacks Investment Research. Historical Payout Ratio Data. 432.89. At AltaGas, our core values are built upon investing in and supporting our people and fostering a diverse and inclusive workplace. Start Your Free Trial. About AltaGas (TSE:ALA) AltaGas Ltd. was founded in 1994 and is headquartered in Calgary, Canada. Sign in. AltaGas Payout Ratio. AltaGas’s dividend payout ratio is presently 55.36%. AltaGas has a significant three-year median payout ratio of 80%, meaning the company only retains 20% of its income. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. View 4,000+ financial data types. View real-time stock prices and stock quotes for a full financial overview. Company profile for Altagas Ltd (ALA.TO) including business summary, key statistics, ratios, sector. However, some municipalities also apply the Franchise Fee to gas costs. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. In depth view into AltaGas Cash Dividend Payout Ratio including historical data from 2010, charts, stats and industry comps. ALA's next monthly dividend payment will be made to shareholders of record on Monday, March 15. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. When Should You Buy AltaGas Ltd. (TSE:ALA)? Dividends Subject to approval of the Board of Directors of AltaGas, it is currently intended that dividends will be paid to shareholders of record as at the close of business on the 25th day of the month, or the following business day if it falls on a weekend or holiday. 16.57. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Get short term trading ideas from the MarketBeat Idea Engine. The ex-dividend date is Wednesday, February 24th. With a payout ratio of 81%, Fortis is in a much better position to sustain its dividend when compared to a whopping 230% payout ratio for Altagas. Ten equities research analysts have rated the stock with a buy recommendation. Altagas cuts dividend 56% to $0.08 monthly: 2016-07-22: ALA: Altagas raises dividend 6% to $0.175 monthly: Updated: 2021-03-05. This table contains critical financial ratios such as Price-to-Earnings (P/E Ratio), Earnings-Per-Share (EPS), Return-On-Investment (ROI) and others based on AltaGas Ltd's latest financial reports. The payout ratio is the percentage of total dividends paid / net income. AltaGas Ltd. operates as a diversified energy infrastructure company in North America. AltaGas pays out 55.39% of its earnings out as a dividend. A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. View our full suite of financial calendars and market data tables, all for free. This works out to be a payout ratio in the range of 66% of earnings, a payout ratio I’m comfortable with. Browse... View Full Chart Payout Ratio Chart . 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S&P 500 3,821.35 (-0.54%) Warning Sign: If a company dividend payout ratio is too high, its dividend may not be sustainable. There is no data for the selected date range. P/E Ratio 5-Year High. A stock’s dividend reliability is determined by a healthy payout ratio that is higher than other stocks. Payout Ratio: --PE Ratio: 11. CALGARY – AltaGas Ltd. says it has agreed to pay $715 million in cash to privately held SAM Holdings Ltd. to double its ownership share in oil and gas liquids handling firm Petrogas Energy Corp. to 74 per cent. Yes, dividends are great but what's a company's payout ratio and industry they're in? Credit Ratings, Research and Analysis for the global capital markets. P/E Ratio 5-Year Low. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 Future Payout to Shareholders Future Dividend Coverage : ALA's dividends in 3 years are forecast to be covered by earnings (55.9% payout ratio). In-depth view of key statistics and finances for AltaGas Ltd. (ALA) on MSN Money. If a company dividend-payout ratio is too high, its dividend may not be sustainable. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.05%. Want to see which stocks are moving? Is BCE (TSE:BCE) a good stock for dividend investors? This implies that the company has been able to achieve high earnings growth despite returning most of its profits to shareholders. Most Recent Split: The share split recorded and the date on which the split occurred. The newly announced dividend which will be paid on Monday, March 15th. Looking for new stock ideas? The news of a new CEO coming on board did not trigger any meaningful rally in the stock. ... Current P/E Ratio. ... Payout ratio (5 yr avg) Revenue (YOY change %) Revenue (5 yr growth rate) Net income (YOY change %) Net income (5 yr growth rate) Capital expenditure (5 yr growth rate) Dividend MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. So I think we've become a -- you put those all together to determine what's the appropriate ratio for AltaGas. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. About AltaGas (TSE:ALA) And utilities have a lower payout ratio because of their need to invest to maintain the rate base to maintain earnings.