Business
AltaGas Announces 6% Dividend Increase and Adoption of a Quarterly Payment Schedule
AltaGas Announces 6% Dividend Increase and Adoption of a Quarterly Payment Schedule ...
About this update from Altagas Ltd.
[{"type":"text","content":"\n \n \n \n AltaGas Announces 6% Dividend Increase and Adoption of a Quarterly Payment Schedule\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prngen3{\nBORDER-TOP-COLOR:; VERTICAL-ALIGN: TOP; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; PADDING-LEFT:0.50em; BORDER-RIGHT-COLOR:; PADDING-RIGHT:0.50em\n}\n.prngen2{\nBORDER-TOP-COLOR:; VERTICAL-ALIGN: BOTTOM; BORDER-LEFT-COLOR:; BORDER-BOTTOM-COLOR:; PADDING-LEFT:0.50em; BORDER-RIGHT-COLOR:; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n CALGARY, AB\n \n ,\n \n Dec. 3, 2021\n \n /CNW/ -\n \n AltaGas Ltd. (\"AltaGas\" or the \"Company\")\n \n (TSX: ALA) today announced that the Company's Board of Directors have approved a six percent increase to its annual common share dividends (\n \n $1.06\n \n per common share annually) for the 2022 calendar year. Concurrently, AltaGas is moving from a monthly to a quarterly payment schedule with dividends expected to be made in March, June, September and December of the 2022 calendar year and paid on a quarterly basis at the rate of\n \n $0.265\n \n per common share. Subject to approval of the board of directors, the first quarterly dividend of\n \n $0.265\n \n per common share (\n \n $1.06\n \n per common share annually) is expected to be effective for the March dividend that will be paid on\n \n March 31, 2022\n \n , to common shareholders of record on\n \n March 16, 2022\n \n . Monthly dividend payments will continue until the end of 2021. The December dividend of\n \n $0.0833\n \n per common share will be paid on\n \n December 31, 2021\n \n , to common shareholders of record on\n \n December 22\n \n , 2021.  These dividends are eligible dividends for Canadian income tax purposes.\n \n \n \n CEO MESSAGE\n \n \n \n \"The six percent dividend increase builds upon our prior year dividend increase and reflects the success related to the purposeful actions we have taken over the past number of years to reposition the Company and our confidence ...