AltaGas Ltd. is raising its dividend by six per cent.
The energy infrastructure company says it will pay a quarterly dividend of 28 cents per share, up from 26.5 cents per share.
The increased payment to shareholders came as AltaGas says it expects normalized earnings per share of $1.85 to $2.05 in 2023.
The result was forecast along with expectations for normalized earnings before interest, taxes, depreciation and amortization of $1.5 billion to $1.6 billion next year.
AltaGas says its capital program for 2023 is expected to total about $930 million, excluding asset retirement obligations.
The company also expects about $90 million of capital investments that were approved in 2022 to be spent in early 2023.