AltaGas Cumulative Redeemable 5-Year Rate Reset Preferred Shares, Series A Goes Ex-Dividend Soon

On 12/12/14, AltaGas Ltd's Cumulative Redeemable 5-Year Rate Reset Preferred Shares, Series A (Toronto: ALA-PRA) will trade ex-dividend, for its quarterly dividend of $0.3125, payable on 12/31/14. As a percentage of ALA.PRA's recent share price of $25.24, this dividend works out to approximately 1.24%, so look for shares of ALA.PRA to trade 1.24% lower — all else being equal — when ALA.PRA shares open for trading on 12/12/14. On an annualized basis, the current yield is approximately 4.95%.