Pembina Pipeline Corp. (NYSE:PBA) Announces Quarterly Dividend of C$0.73

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) announced a quarterly dividend on Thursday, November 5th. Shareholders of record on Tuesday, December 15th will be paid a dividend of C$0.73 per share by the pipeline company on Thursday, December 31st. This represents a $2.94 annualized dividend and a yield of 6.2%. The ex-dividend date is Tuesday, December 15th.

Pembina Pipeline has a dividend payout ratio of 93.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Pembina Pipeline to earn $2.24 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 94.6%.

Pembina Pipeline Trading Down 0.1%

NYSE:PBA opened at $47.59 on Friday. Pembina Pipeline has a 52 week low of $36.20 and a 52 week high of $51.58. The company has a market cap of $27.68 billion, a PE ratio of 23.33 and a beta of 0.59. The business’s 50 day moving average is $48.02 and its two-hundred day moving average is $46.55. The company has a quick ratio of 0.50, a current ratio of 0.62 and a debt-to-equity ratio of 0.78.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings results on Thursday, November 5th. The pipeline company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.48 by $0.07. Pembina Pipeline had a return on equity of 11.41% and a net margin of 22.41%. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.41 billion. During the same quarter in the prior year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 21.7% on a year-over-year basis. On average, analysts predict that Pembina Pipeline will post 2.19 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Walter Public Investments Inc. acquired a new stake in shares of Pembina Pipeline in the third quarter valued at approximately $4,385,000. Lido Advisors LLC bought a new position in Pembina Pipeline during the 3rd quarter worth $232,000. Candriam S.C.A. increased its stake in Pembina Pipeline by 58.7% during the 3rd quarter. Candriam S.C.A. now owns 13,900 shares of the pipeline company’s stock worth $624,000 after acquiring an additional 5,142 shares during the period. Pictet Asset Management Holding SA raised its holdings in Pembina Pipeline by 15.9% in the 3rd quarter. Pictet Asset Management Holding SA now owns 291,102 shares of the pipeline company’s stock valued at $13,026,000 after acquiring an additional 39,996 shares in the last quarter. Finally, Alps Advisors Inc. lifted its position in shares of Pembina Pipeline by 0.8% during the 3rd quarter. Alps Advisors Inc. now owns 35,369 shares of the pipeline company’s stock valued at $1,577,000 after acquiring an additional 291 shares during the period. Institutional investors and hedge funds own 55.37% of the company’s stock.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is a Canadian energy infrastructure company headquartered in Calgary, Alberta. Founded in 1954, the company owns and operates pipelines and related facilities that transport and process hydrocarbon products, primarily in Western Canada.

Pembina’s operations include conventional and oil sands pipelines, natural gas gathering and processing facilities, fractionation and storage assets, and infrastructure for moving natural gas liquids such as propane, butane and ethane.