Pembina Pipeline Corp to Issue Monthly Dividend of $0.20 (TSE:PPL)

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Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) declared a monthly dividend on Tuesday, September 10th, Zacks reports. Investors of record on Wednesday, September 25th will be given a dividend of 0.20 per share on Tuesday, October 15th. This represents a $2.40 dividend on an annualized basis and a yield of 4.91%. The ex-dividend date of this dividend is Tuesday, September 24th.

TSE:PPL traded down C$0.11 during trading hours on Thursday, hitting C$48.91. The stock had a trading volume of 228,484 shares, compared to its average volume of 1,291,217. The company has a 50 day simple moving average of C$48.63 and a two-hundred day simple moving average of C$48.87. The company has a debt-to-equity ratio of 56.16, a current ratio of 0.69 and a quick ratio of 0.60. Pembina Pipeline has a one year low of C$39.15 and a one year high of C$50.65. The firm has a market capitalization of $25.02 billion and a price-to-earnings ratio of 16.12.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last announced its quarterly earnings results on Thursday, August 1st. The company reported C$1.23 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.56 by C$0.67. The firm had revenue of C$1.81 billion during the quarter, compared to the consensus estimate of C$2.09 billion. Equities research analysts anticipate that Pembina Pipeline will post 2.5499999 earnings per share for the current year.

Several brokerages have commented on PPL. National Bank Financial cut their price target on shares of Pembina Pipeline from C$61.00 to C$60.00 and set an “outperform” rating for the company in a report on Thursday, August 22nd. Raymond James set a C$54.00 price objective on shares of Pembina Pipeline and gave the stock an “outperform” rating in a report on Thursday, August 22nd. Five equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average target price of C$56.60.

About Pembina Pipeline

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.

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Dividend History for Pembina Pipeline (TSE:PPL)

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