Page title
Section title
- Dividend Yield
- 3.37%
- Payout Ratio
- 55.05%
- Dividend Amount Per Share
- $1.16
- Last Ex-Dividend Date
- Sep 16, 2024
ALA.TO Dividend Safety
ALA.TO paid out 55.05% of its $673M earnings as dividends over the last 12 months.
Very Safe
Very Unsafe
Unsafe
Somewhat Safe
Safe
Very Safe
Dividend Payout Ratio
ALA.TO's Dividend Payout Ratio of 55.05% is considered safe for the Utilities sector, indicating that the company retains enough earnings to support business growth.
Interest Rate Coverage
ALA.TO's Interest Coverage Ratio of 2.706 indicates strong financial health with easy coverage of interest expenses.
Income Quality
ALA.TO shows excellent income quality with a ratio of 1.666. This indicates high-quality earnings and low risk of dividend cuts.
ALA.TO Dividend Growth
AltaGas Ltd.(ALA.TO) offers a dividend yield of 3.37% and pays $1.16 in dividends per share. Explore the historical dividend growth of ALA.TO.
Dividend Stability
ALA.TO has shown inconsistent dividend payments over the past 10 years with 1 cuts over 5%.
Dividend Growth
ALA.TO's dividend payments have increased by 30.041% annually over the last 5 years.
Earnings Growth
ALA.TO's earnings have shown very poor growth, shrinking by -4.188% over the last 5 years. Poor earnings growth or decline indicates potential struggles to maintain dividend levels, which may lead to cuts and affect overall returns.
ALA.TO Dividend Yield Attractiveness
AltaGas Ltd.(ALA.TO) provides a dividend yield of 3.37%. Compare this with the averages of its peers, industry, and sector to see how it stacks up.
Yield %
3.37%
4.38%
4.63%
5.26%
Dividend Yield
ALA.TO's dividend yield of 3.37% is considered good compared to the sector average of 4.629%, providing a strong safety margin for investors.
ALA.TO Cash Flow
Over the past 12 months, ALA.TO generated $13B in revenue, produced $73M in free cash flow, and distributed $356M in dividends.
Free Cash Flow Growth
ALA.TO's free cash flow has grown by 24.951% annually over the last 5 years, indicating a strong ability to generate cash and support dividend payments.
ALA.TO Free Cash Flow and Dividends Paid
This chart shows the Free Cash Flow (FCF) and the portion of FCF used to pay dividends each year by AltaGas Ltd.. The filled portion of the bar represents the dividends paid, while the remaining portion represents the remaining FCF.