AltaGas Canada Inc to Issue Quarterly Dividend of $0.26 (TSE:ACI)

AltaGas Canada Inc (TSE:ACI) announced a quarterly dividend on Thursday, August 8th, Zacks reports. Stockholders of record on Friday, August 30th will be paid a dividend of 0.26 per share on Monday, September 30th. This represents a $1.04 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Thursday, August 29th.

Shares of AltaGas Canada stock opened at C$25.15 on Wednesday. The company has a 50 day moving average of C$25.81. AltaGas Canada has a 52 week low of C$14.06 and a 52 week high of C$27.60. The company has a debt-to-equity ratio of 104.23, a current ratio of 0.72 and a quick ratio of 0.57. The stock has a market capitalization of $749.10 million and a price-to-earnings ratio of 16.99.

AltaGas Canada (TSE:ACI) last posted its earnings results on Thursday, August 8th. The company reported C$0.13 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.14 by C($0.01). The company had revenue of C$61.30 million for the quarter, compared to analysts’ expectations of C$61.65 million. As a group, sell-side analysts predict that AltaGas Canada will post 1.5300001 earnings per share for the current year.

A number of analysts have recently commented on ACI shares. TD Securities lifted their target price on AltaGas Canada from C$19.50 to C$25.00 and gave the stock a “hold” rating in a research report on Monday, August 12th. CIBC upped their target price on AltaGas Canada from C$23.00 to C$31.00 in a research report on Tuesday, July 23rd. JPMorgan Chase & Co. lifted their price target on AltaGas Canada from C$19.00 to C$22.00 in a research report on Thursday, July 18th. Industrial Alliance Securities upgraded AltaGas Canada from a “hold” rating to a “buy” rating and boosted their price objective for the company from C$18.00 to C$24.00 in a research note on Monday, June 3rd. Finally, Royal Bank of Canada increased their price objective on AltaGas Canada from C$32.00 to C$33.00 in a report on Wednesday, August 21st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. AltaGas Canada has a consensus rating of “Buy” and a consensus price target of C$26.71.

About AltaGas Canada

AltaGas Canada Inc, a natural gas distribution utility company, provides rate-regulated utility services in northern British Columbia. It operates in Renewable Energy and Utilities segments. The company also holds interest in the Bear Mountain Wind Park, a 102 MW generating wind facility consisting of 34 turbines, a substation, and transmission and collector lines; and the northwest hydro facilities located in Tahltan first nation territory of Vancouver, British Columbia.

Featured Story: What is meant by holder of record?

Receive News & Ratings for AltaGas Canada Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AltaGas Canada and related companies with's FREE daily email newsletter.