AltaGas, a leading North American energy infrastructure company, has just announced the appointment of a new CEO and reported solid first-quarter results. In addition, the company is offering investors an 11% yield with tax-advantaged floating rates. This is an exciting opportunity for those looking to capitalize on the energy sector and maximize their returns.
Introducing AltaGas: A North American Energy Infrastructure Business
AltaGas is a North American energy infrastructure business that provides clean and affordable energy to its customers. The company’s Series B and H preferred shares offer a strong risk-reward with yields of over 11%, thanks to their tax-advantaged floating rates. AltaGas has appointed a new CEO, Vern Yu, with a strong midstream background, and has reported solid Q1 results, reiterating its full-year guidance and dividend growth target.
Paragraph 2: The company’s stable US utility operations provide significant value and protection to the dividend through stable earnings, and the 60/40% regulated utility and midstream EBITDA mix offer a relatively low-risk business model. With a 5.2% dividend and expected CAGR of 5-7% through 2026, AltaGas is a great option for investors looking for a reliable income stream. The company’s commitment to providing clean and affordable energy to its customers, combined with its strong risk-reward and dividend growth target, make it an attractive option for investors.
Vern Yu Appointed as New CEO: A Midstream Background and Solid Q1 Results
Vern Yu has been appointed as the new CEO of AltaGas, bringing a strong midstream background to the company. He has extensive experience in the energy industry, having worked in various roles for large energy companies such as Enbridge, TransCanada, and Kinder Morgan. His leadership will be instrumental in helping AltaGas continue to grow and thrive in the energy infrastructure space.
AltaGas reported solid Q1 results, reiterating its full-year guidance and dividend growth target. The company’s 60/40% regulated utility and midstream EBITDA mix provides a relatively low-risk business model and a stable US utility operation that provides significant value and protection to the dividend through stable earnings. With a 5.2% dividend and expected CAGR of 5-7% through 2026, AltaGas is an attractive option for investors looking for a reliable income stream.
Tax-Advantaged Floating Rates with 11% Yield and 5-7% CAGR Through 2026
The AltaGas Series B and H preferred shares offer investors a tax-advantaged floating rate with a yield of over 11%, making them an attractive option for those seeking a reliable income stream. The company’s new CEO, Vern Yu, brings a wealth of experience in the midstream sector, and the company’s Q1 results have reaffirmed its full-year guidance and dividend growth target. Furthermore, AltaGas’ stable US utility operations provide significant value and protection to the dividend through stable earnings, and the 60/40% regulated utility and midstream EBITDA mix offer a relatively low-risk business model. With a 5.2% dividend and expected CAGR of 5-7% through 2026, AltaGas is a great option for investors looking for a reliable income stream.
AltaGas’ tax-advantaged floating rate preferred shares are a great option for investors looking for a long-term, reliable income stream. The company’s strong Q1 results and full-year guidance reaffirm its dividend growth target and the 60/40% regulated utility and midstream EBITDA mix provides a low-risk business model. Furthermore, the 11% yield and 5-7% CAGR through 2026 make AltaGas’ preferred shares an attractive option for those seeking a reliable income stream. With a new CEO in place and a strong midstream background, AltaGas is well-positioned to continue to deliver strong returns to its investors.
AltaGas has made a bold move in appointing a new CEO and the company’s Q1 results have been strong. The company is also offering tax-advantaged floating rates with an impressive 11% yield. This move is sure to be beneficial for both the company and its shareholders, as AltaGas continues to make strides in the energy sector.