AltaGas Ltd. today announced that the February dividend will be paid on March 15 to common shareholders of record on February 26.
The ex-dividend date is February 23.
The amount of the dividend will be $0.1825 for each common share, and is an eligible dividend for Canadian income tax purposes.
As previously announced, AltaGas has a Premium Dividend, Dividend Reinvestment and Optional Cash Purchase Plan for eligible shareholders of AltaGas.
Eligible shareholders who are enrolled in the plan may have their common share dividends reinvested towards the purchase of additional common shares of AltaGas at a three percent discount to the Average Market Price (as defined by the plan) under the Dividend Reinvestment Component of the plan; or may have their common share dividends reinvested in additional common shares of AltaGas issued at a three percent discount to the Average Market Price (as defined by the plan) and have these additional common shares of AltaGas exchanged under the Premium Dividend Component of the plan for a cash payment equal to 101 percent of the reinvested amount.
A complete copy of the plan, together with a series of questions and answers and enrolment forms, are posted on AltaGas’ website at www.altagas.ca.
According to AltaGas, eligible shareholders who have not elected to participate in the plan will continue to receive their regular cash dividend in the usual manner.