CALGARY—AltaGas Ltd. is slashing its dividend by 56 per cent and selling its remaining majority stake in a B.C. hydroelectric power operation for $1.39 billion (U.S.). The Calgary-based company says it will now pay a monthly dividend of eight cents per share, down from 18.25 cents per share. AltaGas sold a 35 per cent stake in the operation to the same joint venture earlier this year. The company also says it has targeted an additional $1.5 billion to $2 billion in asset sales next year.

Source: thestar December 13, 2018 13:52 UTC