Founded in 1994, Calgary-based AltaGas has grown its asset base to over $20 billion currently. It has a workforce of about 3,000, spanning North America. In 2018 it acquired WGL Holdings, a diversified energy infrastructure company and sole owner of Washington Gas Light Company, a regulated natural gas company based in Washington, D.C. It serves approximately 1.2 million customers in Maryland, Virginia, and the US capitol.
Income Investor
The stock pays a quarterly dividend of $0.28 ($1.12 per year), to yield 4.1% at the recent price of $27.06. Year-to-date, the stock has gained 15.7% from its 2022 close of $23.38. - Gavin Graham
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ALA was first recommended here on July 29, 2022