Plains All American Pipeline Lp (NASDAQ:PAA) Declares $0.42 Quarterly Dividend

Plains All American Pipeline Lp (NASDAQ:PAA) announced a quarterly dividend on Monday, July 6th. Investors of record on Friday, July 31st will be given a dividend of 0.4175 per share on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 7.3%. The ex-dividend date is Friday, July 31st.

Plains All American Pipeline has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Plains All American Pipeline has a dividend payout ratio of 110.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Plains All American Pipeline to earn $1.65 per share next year, which means the company may not be able to cover its $1.67 annual dividend with an expected future payout ratio of 101.2%.

Plains All American Pipeline Stock Performance

NASDAQ:PAA traded up $0.56 during trading hours on Tuesday, hitting $22.82. 195,372 shares of the company were exchanged, compared to its average volume of 3,254,940. The company has a debt-to-equity ratio of 1.02, a current ratio of 0.94 and a quick ratio of 0.88. Plains All American Pipeline has a 52-week low of $15.69 and a 52-week high of $24.26. The stock has a market capitalization of $16.10 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 10.32 and a beta of 0.50. The company’s 50 day moving average price is $22.45 and its 200-day moving average price is $21.01.

Plains All American Pipeline (NASDAQ:PAA) last posted its quarterly earnings results on Friday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). Plains All American Pipeline had a return on equity of 12.17% and a net margin of 2.53%.The company had revenue of $12.47 billion during the quarter. During the same period in the prior year, the company posted $0.39 earnings per share. The company’s revenue was up 8.7% on a year-over-year basis. As a group, research analysts forecast that Plains All American Pipeline will post 1.56 earnings per share for the current year.

Plains All American Pipeline Company Profile

Plains All American Pipeline (NASDAQ: PAA) is a publicly traded energy infrastructure company that provides midstream services for crude oil and natural gas liquids (NGLs). The company’s core activities include gathering, transporting, storing and marketing hydrocarbons, using an integrated network of pipelines, storage terminals, rail and truck transloading facilities. Plains also offers logistics and marketing services that connect upstream producers with refiners, traders and export markets.

Plains owns and operates a portfolio of pipeline and terminal assets concentrated in major U.S.