AltaGas Ltd. says it is raising its dividend six per cent for next year and moving to a quarterly payment schedule from monthly payments to shareholders.
The company says it will pay a quarterly dividend of 26.5 cents per share starting with a March payment.
Get weekly money news
Get expert insights, Q&A on markets, housing, inflation, and personal finance information delivered to you every Saturday.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.
AltaGas has been paying a monthly dividend of 8.33 cent share.
It says the monthly payments will continue until the end of this year.
READ MORE: AltaGas may be forced to increase stake in energy handling firm Petrogas
- Central Alberta carbon capture hub on track to be largest in Canada
- Enbridge makes US$2.55B acquisition of pipeline, storage systems in U.S. midwest
- Choose Canada, businesses urge Albertans ahead of ‘risky gamble’ referendum
- Alberta landowners challenge ‘chronic underfunding’ for orphan well cleanup
AltaGas is a energy infrastructure company with operations in Canada and the United States.
The company is expected to hold an investor day on Dec. 15 when it will discuss its priorities and growth plans.
Comments
Want to discuss? Please read our Commenting Policy first.