Inter Pipeline Ltd (TSE:IPL) announced a monthly dividend on Wednesday, October 19th. Shareholders of record on Tuesday, November 15th will be paid a dividend of 0.13 per share on Tuesday, November 15th. This represents a $1.56 dividend on an annualized basis and a yield of 5.55%. The ex-dividend date of this dividend is Wednesday, October 19th.
Shares of Inter Pipeline (TSE:IPL) opened at 28.12 on Friday. The firm’s 50-day moving average is $27.87 and its 200-day moving average is $27.12. The stock has a market capitalization of $9.48 billion and a price-to-earnings ratio of 20.69. Inter Pipeline has a one year low of $18.43 and a one year high of $28.79.
Several research analysts recently commented on the company. Scotiabank increased their price objective on Inter Pipeline from C$27.00 to C$29.00 and gave the company a “sector perform” rating in a research note on Thursday, August 18th. BMO Capital Markets increased their price objective on Inter Pipeline from C$26.00 to C$27.00 and gave the company a “market perform” rating in a research note on Friday, August 5th. TD Securities downgraded Inter Pipeline from a “buy” rating to a “hold” rating and increased their price objective for the company from C$26.00 to C$27.00 in a research note on Friday, August 5th. CIBC upped their target price on Inter Pipeline from C$29.00 to C$30.00 in a report on Thursday, August 18th. Finally, Raymond James Financial Inc. upped their target price on Inter Pipeline from C$27.50 to C$29.00 in a report on Wednesday. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Inter Pipeline has a consensus rating of “Hold” and an average target price of C$29.15.
About Inter Pipeline
Inter Pipeline Ltd. (Inter Pipeline) owns and operates energy infrastructure assets located in western Canada and Europe. Inter Pipeline operates in four segments: oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) extraction business and the bulk liquid storage business.
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