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Data last updated: Aug 18, 2026
Snapshot (as of Aug 18, 2026): AltaGas Ltd. (ALA.TO) pays a $1.30 annual dividend ($0.33 quarterly), yielding 2.42% at $53.73/share. Next ex-dividend date 2026-09-16. 6 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 2.42%
Annual Dividend: $1.30 per share
Payout Ratio: 65.5%
Ex-Dividend Date: 2026-09-16
Dividend Frequency: quarterly
Sector: Utilities
Years of Dividend History: 23
AltaGas Ltd. dividend income comes from a company that runs regulated natural gas distribution across six U.S. states and the District of Columbia, serving roughly 1.7 million customers. The current yield sits at 2.42%, with a trailing annual dividend rate of $1.2980 per share paid quarterly. The next ex-dividend date is September 16, 2026. A beta of 0.49 puts ALA.TO well below average market volatility, which suits income investors who prioritize steadiness over price swings.
AltaGas Ltd. pays out 65.5% of earnings as dividends, a payout ratio classified as elevated (60–75%). The regulated natural gas distribution business, which serves approximately 1.7 million residential, commercial, and industrial customers across six U.S. states and D.C., provides the kind of recurring, essential-service demand that supports a payout at this level. AltaGas Ltd. dividend safety is further shaped by the midstream segment, which adds commodity-linked exposure and could introduce earnings variability that puts pressure on the payout if volumes or prices shift.
AltaGas Ltd. dividend history shows a CAGR of -3.8% per year from 2005 to 2021. Per-share payments moved from $1.8500 in 2005 to $0.9996 by 2021, a net decline that reflects a significant cut in 2019 (2026 data is a partial year and excluded from the CAGR). The largest annual increase in the window was 13.2% in 2014, but the history also contains at least one year-over-year decline exceeding 5%, which means growth has been far from linear. Six consecutive years of increases have followed the reset, but the long-run CAGR is negative, and that limits the income compounding story.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +5.9% | $1.06 (2022) | $1.26 (2025) |
| 5-Year | +5.5% | $0.96 (2020) | $1.26 (2025) |
| 10-Year | -3.9% | $1.89 (2015) | $1.26 (2025) |
ALA.TO fits dividend investors who want low-volatility exposure to North American energy infrastructure and can accept a moderate yield without expecting rapid income growth. The current yield of 2.42% sits above the 5-year average of 2.1%, which means the stock is paying out more relative to price than it has on average, a modest positive for income buyers. The yield classification is moderate (2–4%), and the 65.5% payout ratio leaves limited room for aggressive dividend increases. What an investor gets here is a regulated-utility-anchored business with a low beta of 0.49 and six straight years of dividend increases. The trade-off is a negative long-run CAGR and a payout ratio that leaves little cushion if earnings soften.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-16 | $0.3340 |
| 2026-06-16 | $0.3340 |
| 2026-03-16 | $0.3340 |
| 2025-12-16 | $0.3150 |
| 2025-09-16 | $0.3150 |
| 2025-06-16 | $0.3150 |
| 2025-03-17 | $0.3150 |
| 2024-12-16 | $0.2975 |
| 2024-09-16 | $0.2975 |
| 2024-06-14 | $0.2975 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.0020 |
| 2025 | $1.2600 |
| 2024 | $1.1900 |
| 2023 | $1.1200 |
| 2022 | $1.0600 |
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