AltaGas (TSX:ALA.PR.I.PFD) 5-Year Yield-on-Cost % : 3.53 (As of Apr. 28, 2024)

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What is AltaGas 5-Year Yield-on-Cost %?

AltaGas's yield on cost for the quarter that ended in Dec. 2023 was 3.53.

The historical rank and industry rank for AltaGas's 5-Year Yield-on-Cost % or its related term are showing as below:

TSX:ALA.PR.I.PFD' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 2.01 Med: 3.25 Max: 11.54
Current: 3.53

During the past 13 years, AltaGas's highest Yield on Cost was 11.54. The lowest was 2.01. And the median was 3.25.

TSX:ALA.PR.I.PFD's 5-Year Yield-on-Cost % is ranked worse than
73.43% of 493 companies
in the Oil & Gas industry
Industry Median: 4.72 vs TSX:ALA.PR.I.PFD: 3.53

Competitive Comparison of AltaGas's 5-Year Yield-on-Cost %

For the Oil & Gas Midstream subindustry, AltaGas's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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's 5-Year Yield-on-Cost % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, AltaGas's 5-Year Yield-on-Cost % distribution charts can be found below:

* The bar in red indicates where AltaGas's 5-Year Yield-on-Cost % falls into.

AltaGas 5-Year Yield-on-Cost % Calculation

Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.

Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.

Therefore, Yield-on-Cost of AltaGas is calculated as

Yield-on-Cost

Dividend Yield %

Dividend Growth Rate)^5

AltaGas (TSX:ALA.PR.I.PFD) 5-Year Yield-on-Cost % Explanation

Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.

AltaGas 5-Year Yield-on-Cost % Related Terms

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AltaGas (TSX:ALA.PR.I.PFD) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » AltaGas Ltd (TSX:ALA.PR.I.PFD) » Definitions » 5-Year Yield-on-Cost %

Comparable Companies

Traded in Other Exchanges

ATGFF:USA 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.

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