AltaGas (TSX:ALA) Dividend Payout Ratio: 0.71 (As of Mar. 2026) — Near Median

AltaGas TSX:ALA -1.47% 77 Dividend Payout Ratio is 0.71 as of Mar. 2026, which is 8% below its 10-year median of 0.77. GuruFocus rates TSX:ALA with a GF Score™ of 77/100 and a GF Value™ of C$33.07 (Significantly Overvalued). The stock has 15 warning signs investors should review. Among 434 Oil & Gas companies, AltaGas ranks worse than 65.44% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. AltaGas's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.71.

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 0.77, which seems too high.

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

TSX:ALA' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.5 Med: 0.77 Max: 12.52
Current: 0.77

During the past 13 years, the highest Dividend Payout Ratio of AltaGas was 12.52. The lowest was 0.50. And the median was 0.77.

TSX:ALA's Dividend Payout Ratio is ranked worse than
65.44% of 434 companies
in the Oil & Gas industry
Industry Median: 0.5 vs TSX:ALA: 0.77

As of today (2026-07-01), the Dividend Yield % of AltaGas is 2.48%.

During the past 13 years, the highest Trailing Annual Dividend Yield of AltaGas was 17.13%. The lowest was 2.29%. And the median was 4.54%.

AltaGas's Dividends per Share for the months ended in Mar. 2026 was C$0.33.

During the past 12 months, AltaGas's average Dividends Per Share Growth Rate was 5.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -6.50% 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 4.70% per year.

The growth rate is calculated with least square regression.

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

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

AltaGas (TSX:ALA) Dividend Payout Ratio Explanation

In dividends investing, Dividend 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

AltaGas Dividend Payout Ratio Historical Data

* Premium members only.

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.

AltaGas Dividend Payout Ratio Chart

AltaGas Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.57

0.77

0.81

0.64

0.50

AltaGas Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.24	0.54	0.00	0.46	0.71

TSX:ALA vs WMB, EPD, KMI: Dividend Payout Ratio 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 vs Oil & Gas Industry

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.

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77GF Score

AltaGas Ltd TSX:ALA

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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AltaGas Dividend Payout Ratio Calculation

AltaGas's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	1.26	/	2.503
	=	0.50

AltaGas's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.334	/	0.468
	=	0.71

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 0.71 mean?

AltaGas (TSX:ALA) has a Dividend Payout Ratio of 0.71 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on AltaGas and its competitors. This is near median its historical median of 0.77. Over the past decade, AltaGas' Dividend Payout Ratio has ranged from 0.50 to 12.52. According to the industry distribution chart, AltaGas ranks #284 out of 434 companies in the Oil & Gas industry, placing it in the top 65.4%.

Is AltaGas' Dividend Payout Ratio too high?

AltaGas' current Dividend Payout Ratio of 0.71 is near median its 10-year median of 0.77. Over the past 10 years, this metric has ranged from a low of 0.50 to a high of 12.52. The Oil & Gas industry median Dividend Payout Ratio is 0.50. AltaGas' value of 0.71 is 42% above this industry median. Based on the distribution chart, AltaGas ranks #284 out of 434 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, AltaGas has a GF Score™ of 77/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.

How does AltaGas' Dividend Payout Ratio compare to WMB and EPD?

According to the Oil & Gas industry distribution chart, AltaGas ranks #284 out of 434 companies for Dividend Payout Ratio. This places AltaGas in the lower half of its industry. The industry median Dividend Payout Ratio is 0.50. AltaGas' value of 0.71 is 42% above this benchmark. Historically, AltaGas' own Dividend Payout Ratio has ranged from 0.50 to 12.52 over the past decade. While the company's 10-year median is 0.77 vs. the industry median of 0.50, AltaGas has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for an Oil & Gas company?

The median Dividend Payout Ratio among Oil & Gas companies is 0.50, based on 434 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. AltaGas's current Dividend Payout Ratio of 0.71 is 42% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on AltaGas and its competitors. For the Oil & Gas industry, the median Dividend Payout Ratio is 0.50 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. AltaGas's current Dividend Payout Ratio is 0.71, which is near median its own 10-year median of 0.77. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is AltaGas stock overvalued right now?

Based on GuruFocus' analysis, AltaGas (TSX:ALA) is currently considered Significantly Overvalued. The stock's GF Value™ is C$33.07, compared to a current price of C$52.39 — trading 58.4% above its estimated fair value. The current Dividend Payout Ratio is 0.71, which is near median its 10-year median of 0.77 and 42% above the Oil & Gas industry median of 0.50. AltaGas' overall GF Score™ is 77/100 with 15 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For AltaGas (TSX:ALA), the current Dividend Payout Ratio is 0.71 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is AltaGas (TSX:ALA) Overvalued in 2026?

Based on GuruFocus' analysis, AltaGas stock appears to be overvalued. The current stock price of C$52.39 is trading 58.4% above its estimated GF Value™ of C$33.07. GuruFocus considers AltaGas to be Significantly Overvalued.

Key valuation signals for TSX:ALA:

Dividend Payout Ratio: 0.71 (near median its 10-year median of 0.77)
GF Value™: C$33.07 vs. price of C$52.39 (58.4% above fair value)
GF Score™: 77/100 with 15 warning signs
Industry Position: 42% above the Oil & Gas median (#284 of 434)

No single metric tells the full story. See the TSX:ALA stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

AltaGas Business Description

Industry Energy Oil & Gas

Comparable Companies TSX:KEY TSX:SOBO TSX:GEI TSX:TPZ TSX:TWM TSXV:ATLE TSXV:SRR TSX:PPL TSX:ENB WMB EPD KMI TSX:TRP ET TRGP MPLX OKE LNG CQP VG

Other Exchanges ATGFF:USA AQ3:Germany ALA.PR.G.PFD:Canada

Address 707 - 5th Street SW, Suite 1300, Calgary, AB, CAN, T2P 1V8

Website https://www.altagas.ca

AltaGas Ltd is a North American energy infrastructure company that connects customers and markets to energy sources. AltaGas has three reporting segments: Utilities, Midstream, and Corporate/Other. The majority of its revenue is generated from the Midstream segment, which operates a North American energy platform that moves natural gas and LPGs from the wellhead to markets. It exports propane and butane to Asia through its LPG terminals, and runs natural gas gathering, processing, fractionation, liquids handling, and storage infrastructure. The segment also includes its natural gas and natural gas liquids (NGLs) marketing business, domestic logistics, trucking and rail terminals, and liquid and natural gas storage capability. Geographically, the firm derives its key revenue from the U.S.

77GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

C$52.39

Price

C$33.07

GF Value

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