AltaGas Dividends and Buybacks
Dividend criteria checks 2/6
AltaGas is a dividend paying company with a current yield of 3.36% that is well covered by earnings. Next payment date is on 30th June, 2025 with an ex-dividend date of 16th June, 2025.
Key information
3.4%
Dividend yield
-0.5%
Buyback Yield
| Total Shareholder Yield | 2.9% |
| Future Dividend Yield | 3.7% |
| Dividend Growth | -7.1% |
| Next dividend pay date | 30 Jun 25 |
| Ex dividend date | 16 Jun 25 |
| Dividend per share | n/a |
| Payout ratio | 64% |
Recent dividend and buyback updates
AltaGas (TSE:ALA) Will Pay A Larger Dividend Than Last Year At CA$0.315
Mar 11
AltaGas' (TSE:ALA) Shareholders Will Receive A Bigger Dividend Than Last Year
Feb 10AltaGas (TSE:ALA) Will Pay A Larger Dividend Than Last Year At CA$0.315
Jan 02Recent updates
Should You Investigate AltaGas Ltd. (TSE:ALA) At CA$38.99?
Mar 30AltaGas (TSE:ALA) Will Pay A Larger Dividend Than Last Year At CA$0.315
Mar 11There's Been No Shortage Of Growth Recently For AltaGas' (TSE:ALA) Returns On Capital
Mar 01AltaGas' (TSE:ALA) Shareholders Will Receive A Bigger Dividend Than Last Year
Feb 10AltaGas Ltd.'s (TSE:ALA) Price In Tune With Earnings
Feb 07AltaGas (TSE:ALA) Will Pay A Larger Dividend Than Last Year At CA$0.315
Jan 02Should You Investigate AltaGas Ltd. (TSE:ALA) At CA$32.57?
Dec 21AltaGas' (TSE:ALA) Dividend Will Be CA$0.2975
Dec 03
Rising LPG Demand And Strategic Utilities Expansion Power Revenue Growth Potential
Nov 28 Capitalizing on Asian LPG demand and long-term contracts could enhance revenue stability and potential growth for AltaGas.AltaGas' (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 24Upcoming Dividend Payment
Stability 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) | 3.4% |
| Market Bottom 25% (CA) | 1.9% |
| Market Top 25% (CA) | 6.2% |
| Industry Average (Gas Utilities) | 3.3% |
| Analyst forecast (ALA) (up to 3 years) | 3.7% |
Notable Dividend: ALA's dividend (3.36%) is higher than the bottom 25% of dividend payers in the Canadian market (2.06%).
High Dividend: ALA's dividend (3.36%) is low compared to the top 25% of dividend payers in the Canadian market (6.21%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (63.9%), ALA's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (261.8%), ALA's dividend payments are not well covered by cash flows.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/12 13:00 |
| End of Day Share Price | 2025/05/12 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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 |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
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 Github.
Analyst Sources
AltaGas Ltd. is covered by 26 analysts. 6 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 |