AltaGas Dividends and Buybacks
Dividend criteria checks 2/6
AltaGas is a dividend paying company with a current yield of 3.76% that is well covered by earnings. Last payment was on 31st December, 2024 with an ex-dividend date of 16th December, 2024.
Key information
3.8%
Dividend yield
-0.6%
Buyback Yield
| Total Shareholder Yield | 3.1% |
| Future Dividend Yield | 4.0% |
| Dividend Growth | -2.0% |
| Next dividend pay date | 31 Dec 24 |
| Ex dividend date | 16 Dec 24 |
| Dividend per share | CA$1.260 |
| Payout ratio | 70% |
Recent dividend and buyback updates
AltaGas' (TSE:ALA) Dividend Will Be CA$0.2975
Dec 03
AltaGas (TSE:ALA) Has Announced A Dividend Of CA$0.2975
May 07Recent updates
Should You Investigate AltaGas Ltd. (TSE:ALA) At CA$32.57?
Dec 21AltaGas' (TSE:ALA) Dividend Will Be CA$0.2975
Dec 03AltaGas' (TSE:ALA) Problems Go Beyond Weak Profit
Nov 07Investors Appear Satisfied With AltaGas Ltd.'s (TSE:ALA) Prospects
Nov 05AltaGas (TSE:ALA) Has A Somewhat Strained Balance Sheet
Sep 29Is Now The Time To Look At Buying AltaGas Ltd. (TSE:ALA)?
Sep 10AltaGas (TSE:ALA) Hasn't Managed To Accelerate Its Returns
Aug 23What AltaGas Ltd.'s (TSE:ALA) P/E Is Not Telling You
Jul 26Here's Why AltaGas (TSE:ALA) Has Caught The Eye Of Investors
Jul 11Is AltaGas (TSE:ALA) A Risky Investment?
May 24AltaGas (TSE:ALA) Has Announced A Dividend Of CA$0.2975
May 07AltaGas Ltd.'s (TSE:ALA) Shareholders Might Be Looking For Exit
Apr 19Is It Too Late To Consider Buying AltaGas Ltd. (TSE:ALA)?
Mar 29AltaGas (TSE:ALA) Strong Profits May Be Masking Some Underlying Issues
Mar 14AltaGas' (TSE:ALA) Shareholders Will Receive A Bigger Dividend Than Last Year
Mar 08Is Now The Time To Put AltaGas (TSE:ALA) On Your Watchlist?
Feb 28AltaGas' (TSE:ALA) Dividend Will Be Increased To CA$0.2975
Feb 09AltaGas' (TSE:ALA) Upcoming Dividend Will Be Larger Than Last Year's
Jan 23Investors Still Waiting For A Pull Back In AltaGas Ltd. (TSE:ALA)
Jan 17Stability and Growth of Payments
Fetching dividends data
Stable Dividend: ALA's dividend payments have been volatile in the past 10 years.
Growing Dividend: ALA's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| AltaGas Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (ALA) | 3.8% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.4% |
| Industry Average (Gas Utilities) | 3.6% |
| Analyst forecast (ALA) (up to 3 years) | 4.0% |
Notable Dividend: ALA's dividend (3.76%) is higher than the bottom 25% of dividend payers in the Canadian market (1.79%).
High Dividend: ALA's dividend (3.76%) is low compared to the top 25% of dividend payers in the Canadian market (6.42%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (70.4%), ALA's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: ALA is paying a dividend but the company has no free cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/30 06:59 |
| End of Day Share Price | 2024/12/30 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
AltaGas Ltd. is covered by 25 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Nathan Heywood | ATB Capital Markets |
| Anthony Linton | Barclays |
| Benjamin Pham | BMO Capital Markets Equity Research |