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AltaGas raising dividend 6%, moving to quarterly payments from monthly

The logo for AltaGas Ltd. is shown. THE CANADIAN PRESS/HO

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.

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

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.

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