Pembina Pipeline Corp (NYSE:PBA) Raises Dividend to $0.15 Per Share

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.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its earnings results on Thursday, May 2nd. The pipeline company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.04). Pembina Pipeline had a return on equity of 10.61% and a net margin of 16.39%. The firm had revenue of $1.97 billion for the quarter, compared to analyst estimates of $2.28 billion. During the same period in the previous year, the company posted $0.54 EPS. Pembina Pipeline’s revenue was up 7.1% on a year-over-year basis. On average, research analysts expect that Pembina Pipeline will post 1.69 earnings per share for the current year.

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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Dividend History for Pembina Pipeline (NYSE:PBA)

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