AltaGas (AltaGas) Dividend Payout Ratio

: 0.70 (As of Dec. 2023)

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AltaGas's dividend payout ratio for the months ended in Dec. 2023 was 0.70.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of AltaGas Ltd is 1.48, which seems too high.

The historical rank and industry rank for AltaGas's Dividend Payout Ratio or its related term are showing as below:

ATGFF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.57 Med: 1.41 Max: 12.52
Current: 1.5

During the past 13 years, the highest Dividend Payout Ratio of AltaGas was 12.52. The lowest was 0.57. And the median was 1.41.

ATGFF's Dividend Payout Ratio is ranked worse than
92.24% of 451 companies
in the Oil & Gas industry
Industry Median: 0.44 vs ATGFF: 1.50

As of today (2024-04-23), the Dividend Yield % of AltaGas is 3.94%.

During the past 13 years, the highest Trailing Annual Dividend Yield of AltaGas was 17.13%. The lowest was 2.98%. And the median was 4.82%.

AltaGas's Dividends per Share for the months ended in Dec. 2023 was $0.21.

During the past 12 months, AltaGas's average Dividends Per Share Growth Rate was 5.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was -7.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -6.60% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of AltaGas was 87.60% per year. The lowest was -23.10% per year. And the median was 3.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

AltaGas Dividend Payout Ratio Historical Data

The historical data trend for AltaGas's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

AltaGas Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

0.77

0.68

0.57

0.77

0.81

AltaGas Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio																1.49	0.29	0.60	-	0.70

Competitive Comparison

For the Oil & Gas Midstream subindustry, AltaGas's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

AltaGas Dividend Payout Ratio Distribution

For the Oil & Gas industry and Energy sector, AltaGas's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where AltaGas's Dividend Payout Ratio falls into.

AltaGas Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

AltaGas's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.835	/	1.036
	=	0.81

AltaGas's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	Earnings per Share (Diluted) (Q: Dec. 2023 )
	=	0.209	/	0.298
	=	0.70

AltaGas (OTCPK:ATGFF) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

AltaGas Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of AltaGas's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

AltaGas (AltaGas) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » AltaGas Ltd (OTCPK:ATGFF) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

AQ3:Germany ALA.PR.H.PFD:Canada ALA.PR.G.PFD:Canada ALA.PR.B.PFD:Canada ALA.PR.A.PFD:Canada ALA:Canada

Address

1700, 355 - 4th Avenue S.W., Calgary, AB, CAN, T2P 0J1

Website

https://www.altagas.ca

AltaGas Ltd owns and operates a diversified basket of energy infrastructure businesses. Business is conducted through given segments: Midstream, Utilities and Corporate/other. Utility business owns and operates rate-regulated natural gas distribution assets across North America. Midstream business subsequent to the sale of non-core midstream assets in Canada and also engaged in natural gas liquid processing and extraction, transportation, and storage. Natural gas is sold and purchased for both commercial and industrial users. Revenue is derived from customers in both Canada and the United States, with Canadian customers contributing the most.

AltaGas (AltaGas) Headlines

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