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

Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) announced a monthly dividend on Wednesday, July 10th, Zacks reports. Shareholders of record on Thursday, July 25th will be given a dividend of 0.20 per share on Thursday, August 15th. This represents a $2.40 annualized dividend and a yield of 4.83%. The ex-dividend date is Wednesday, July 24th.

Pembina Pipeline stock opened at C$49.73 on Monday. The company has a current ratio of 0.60, a quick ratio of 0.50 and a debt-to-equity ratio of 55.61. The company’s 50-day moving average price is C$48.80. The stock has a market cap of $25.36 billion and a P/E ratio of 22.27. Pembina Pipeline has a fifty-two week low of C$39.15 and a fifty-two week high of C$50.65.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings results on Thursday, May 2nd. The company reported C$0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.59 by C($0.04). The business had revenue of C$1.97 billion during the quarter, compared to analyst estimates of C$2.09 billion. Analysts expect that Pembina Pipeline will post 2.6300001 EPS for the current fiscal year.

PPL has been the subject of several analyst reports. CSFB boosted their price objective on Pembina Pipeline from C$54.00 to C$58.00 in a report on Thursday, April 25th. Raymond James reaffirmed a “buy” rating and issued a $0.65 price target on shares of DB Commodity Double Short ETN in a report on Wednesday, May 15th. Finally, CIBC raised their price objective on Winpak from C$47.00 to C$48.00 in a report on Wednesday, April 24th. Five investment analysts have rated the stock with a buy rating, Pembina Pipeline has an average rating of “Buy” and a consensus target price of C$56.27.

Pembina Pipeline Company Profile

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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