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AltaGas increases its quarterly dividend by 6%

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(Calgary) AltaGas increases its dividend by 6%. The energy infrastructure company said Monday it will pay a quarterly dividend of 28 cents per share, down from 26.5 cents per share.

The increased payout to shareholders came as AltaGas said it expects normalized earnings per share of $1.85 to $2.05 in 2023.

The result was forecast along with expectations for normalized earnings before interest, tax, depreciation and amortization of 1.5 billion to 1.6 billion next year.

AltaGas says its 2023 capital program is expected to total about $930 million, excluding asset retirement obligations.

The Calgary-based company also expects around $90 million of capital investments that were approved in 2022 to be spent in early 2023.

Company in this story: (TSX: ALA)



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