Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) declared a monthly dividend on Wednesday, July 10th, NASDAQ reports. Stockholders of record on Thursday, July 25th will be paid a dividend of 0.153 per share by the pipeline company on Thursday, August 15th. This represents a $1.84 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Wednesday, July 24th. This is an increase from Pembina Pipeline’s previous monthly dividend of $0.13.
Pembina Pipeline has raised its dividend by an average of 6.8% per year over the last three years and has raised its dividend every year for the last 3 years.
Shares of Pembina Pipeline stock opened at $38.21 on Tuesday. Pembina Pipeline has a 52 week low of $28.30 and a 52 week high of $38.56. The company has a fifty day simple moving average of $37.08. The firm has a market cap of $19.46 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 4.51 and a beta of 0.80. The company has a current ratio of 0.60, a quick ratio of 0.50 and a debt-to-equity ratio of 0.62.
Separately, Zacks Investment Research raised Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. Pembina Pipeline currently has a consensus rating of “Buy” and a consensus price target of $40.00.
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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