RE:New Press Release - ALTAGAS PROVIDES NOTICE OF SERIES G AND SERIES H PREFERRED SHARES CONVERSION RIGHTS AND DIVIDEND RATESGood job altagas - how incompetent is your IR / finance team.
With respect to any Series G Shares that are outstanding after the Conversion Date, holders shall be entitled to receive, as and when declared by the Board of Directors of AltaGas, fixed cumulative preferential cash dividends, payable quarterly. The new annual dividend rate applicable to the Series G Shares for the five-year period commencing on and including September 30, 2024 to, but excluding, September 30, 2029 will be 3.025 percent, being equal to the sum of the five-year Government of Canada bond yield determined as of today plus 3.060 percent.
If I am getting less than 6 percent on the face value - someone is getting sued - GOC 5 year is a shade less than 3%.
Grade school math numbskulls