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AltaGas Ltd T.ALA

Alternate Symbol(s):  ATGFF | T.ALA.PR.A | ATGPF | T.ALA.PR.B | T.ALA.PR.G | ATGAF

AltaGas Ltd. is a Canada-based energy infrastructure company that connects natural gas and natural gas liquids (NGLs) to domestic and global markets. The Company’s segments include Utilities and Midstream. Its Utilities segment owns and operates franchised, rate-regulated natural gas distribution and storage utilities, which includes four utilities that operate across five United States jurisdictions. It Utilities segment also includes storage facilities and contracts for interstate natural gas transportation and storage services, as well as the affiliated retail energy marketing business. Its Midstream segment includes global exports, which includes its two LPG export terminals; natural gas gathering and extraction, and fractionation and liquids handling. Its Midstream segment also consists of natural gas and NGL marketing business, domestic logistics, trucking and rail terminals, and liquid storage capability. Its subsidiaries include Wrangler 1 LLC, WGL Holdings, Inc. and others.


TSX:ALA - Post by User

Bullboard Posts
Post by Johnwith30yearson Oct 29, 2020 3:31pm
222 Views
Post# 31807278

dividend increase

dividend increaseI did not hear any question or comment re raising the dividend.  My expectation is that we will see one during 2021.  But they still want to reach their 5X  EBITDA to Debt ratio.  They did make a comment last quarter about linking the dividend to the rise in EBIDTA  so as it goes up we will be due.   Once it arrives this becomes one driver that returns stock to full value around 24 IMO   but if the market can see how future growth can be achieved over the next several years it will, in a more settled market possibly run higher.   If their long term plans include future renewable generation we could see another bump bnut that is a long way down the road.  I'll settle for a move toward 20 late in the year or by end of next three quarters  with a 24 price tag by Jan of 2021.  Cheers  
Bullboard Posts