TSX:OPS - Post Discussion
Opsens Inc
> FP/CP say AltaGas releases outlook, increases dividend
Post by
bossu on Dec 07, 2022 9:30am
FP/CP say AltaGas releases outlook, increases dividend
Shares issued 281,518,948
ALA Close 2022-12-06 C$ 23.80
The Financial Post reports in its Tuesday edition that AltaGas is raising its dividend by 6 per cent. A Canadian Press dispatch to the Post says that the energy infrastructure company said it will pay a quarterly dividend of 28 cents per share, up from 26.5 cents per share. The increased payment to shareholders came as AltaGas said it expects normalized earnings per share of $1.85 to $2.05 in 2023. The result was forecast along with expectations for normalized earnings before interest, taxes, depreciation and amortization of $1.5-billion to $1.6-billion next year. AltaGas said its capital program for 2023 is expected to total about $930-million, excluding asset retirement obligations. The company also expects about $90-million of capital investments that were approved in 2022 to be spent in early 2023. AltaGas shares closed Monday at $23.86, up $1.04 on the Toronto Stock Exchange.
By the way my investment in ALA is for
a the long run this time.
The reason is the ''clarity''of the last news release se!
The Q3 report was not good but the Q4 2022
normalized EBITDA to be ''about the same as yhe Q1
EBITDA results:
Q1 31/36%
Q2 16/20 %
Q3 13/17 % weaker
Q4 31/35 %
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