Altagas mentioned in Motley Fool. I don't put too much merit in Motley Fool but this was interesting
With most of its revenues (about 75%) coming from the regulated utility assets, AltaGas (TSX:ALA) is another top TSX stock offering a monthly dividend. AltaGas’s regulated utility business generates growing and predictable cash flows and drives its dividends.
Meanwhile, its midstream business is witnessing stellar growth, thanks to the contributions from RIPET (Ridley Island Propane Export Terminal). RIPET has added significant value to AltaGas’s midstream operations and is driving robust volume growth.
AltaGas’s rate base growth, cost-reduction measures, and strong exports in its midstream operations provide a strong underpinning for growth.
AltaGas expects its consolidated utilities rate base to increase by approximately 8-10% annually through 2024, implying that its utility segment is likely to generate healthy growth over the next several years and support its dividend payments. AltaGas pays a monthly dividend of $0.08, reflecting a dividend yield of over 5%.