ALA
Preferred Shares
1
Credit Rating
P-2
Avg Yield
5.79%
Avg Price
$26.00
| Symbol | Issue Name | Type | Price | Yield | Par | Notes |
|---|---|---|---|---|---|---|
| ALA.PR.G | AltaGas Ltd. cumulative redeemable 5-year rate reset preferred shares series G | reset | $26.00 | 5.79% | - | 5YR + 3.06% | Converts to: ALA-H | Series: AltaGas_Ltd._4.75%_Series_G |
AltaGas (ALA) has 1 preferred share series outstanding on the Toronto Stock Exchange — 1 five-year rate resets. The median trailing indicated yield across the cohort is 5.79%, with ALA.PR.G the highest-yielding series at 5.79%. All figures are trailing values from this site's daily update pipeline, computed from declared dividends and the latest close.
The reset calendar is a practical lens on this issuer: 1 of the active series are five-year rate resets, and the next scheduled repricings are ALA.PR.G on Sep 30, 2029. At each reset the dividend reprices to the 5-year Government of Canada benchmark plus the spread fixed in the series' terms, and holders may elect a floating-rate sibling where the terms provide one.
Utility preferred share programs are predominantly cumulative rate resets — a structural protection bank paper lacks — with mid-tier payout ratings and a yield premium over banks that roughly tracks credit spread.
Compare every Canadian preferred share side by side in the screener, or browse peers in the sector guides. The structural background — par value, reset mechanics, and rating tiers — is covered in the preferred shares guide.