AltaGas closed an issue of $200 mm of 5.25% preferred shares on November 23, 2015. With this update, we have made minor changes to our
dividend outlook and changed our 12-month target price from $40.00/share to $36.00/share. Our ranking remains at Outperform.
30 Nov 2015
AltaGas Ltd. (ALA) Issues $200 mm Preferred Shares; 12MTP Now $36/share; Maintain Outperform Ranking
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AltaGas Ltd. (ALA) Issues $200 mm Preferred Shares; 12MTP Now $36/share; Maintain Outperform Ranking
AltaGas Ltd. (ALA:TSE) | 0 0 0.5% | Mkt Cap: 4,575m
- Published:
30 Nov 2015 -
Author:
Steven I. Paget -
Pages:
5
AltaGas closed an issue of $200 mm of 5.25% preferred shares on November 23, 2015. With this update, we have made minor changes to our
dividend outlook and changed our 12-month target price from $40.00/share to $36.00/share. Our ranking remains at Outperform.