Bullboard - Stock Discussion Forum AltaGas Ltd T.ALA.PR.B

Primary Symbol: T.ALA Alternate Symbol(s): ATGFF | T.ALA.PR.A | ATGPF | 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... see more

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AltaGas Ltd > SOBO Canadian Dividend Equivalent ($$)

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Post by Ariahp on Nov 08, 2024 4:01pm

SOBO Canadian Dividend Equivalent ($$)

Yesterday, South Bow declared its inaugural quarterly dividend of US$0.50/share, payable on January 31, 2025, to shareholders of record at the close of business on December 31, 2024 (dividend record date).

Shareholders with Canadian accounts will receive their dividend in C$ based on an applicable exchange rate as at the dividend record date. In short, this means that the dividends paid in C$ may vary quarter-to-quarter.

The annual equivalent of the declared dividend is US$2.00/share and based on yesterday’s Bank of Canada C$/US$ closing daily exchange rate (1.3866), the annual equivalent would be approximately C$2.77/share.

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