Pembina Pipeline Co. (TSE:PPL) Declares Monthly Dividend of $0.21

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) announced a monthly dividend on Tuesday, April 6th, Zacks reports. Shareholders of record on Friday, April 23rd will be paid a dividend of 0.21 per share on Friday, May 14th. This represents a $2.52 annualized dividend and a yield of 6.82%. The ex-dividend date is Thursday, April 22nd.

Shares of TSE:PPL opened at C$36.97 on Thursday. The company’s 50-day moving average price is C$35.91 and its two-hundred day moving average price is C$32.71. The company has a debt-to-equity ratio of 77.59, a current ratio of 0.56 and a quick ratio of 0.40. Pembina Pipeline has a one year low of C$25.77 and a one year high of C$38.77. The stock has a market capitalization of C$20.33 billion and a PE ratio of -42.74.

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Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Thursday, February 25th. The company reported C$0.55 EPS for the quarter, missing the consensus estimate of C$0.58 by C($0.03). The business had revenue of C$1.69 billion for the quarter. On average, analysts anticipate that Pembina Pipeline will post 2.491364 earnings per share for the current fiscal year.

A number of brokerages have recently issued reports on PPL. Royal Bank of Canada reaffirmed an “outperform” rating on shares of Pembina Pipeline in a report on Friday, February 26th. Barclays decreased their price target on shares of Pembina Pipeline from C$41.00 to C$40.00 in a research note on Tuesday, March 2nd. BMO Capital Markets upped their price target on shares of Pembina Pipeline from C$35.00 to C$37.00 and gave the company a “market perform” rating in a research note on Friday, February 26th. Scotiabank lowered shares of Pembina Pipeline from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, February 9th. Finally, Raymond James upped their price target on shares of Pembina Pipeline from C$35.00 to C$37.00 and gave the company a “market perform” rating in a research note on Wednesday, March 17th. Ten equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of C$39.06.

About Pembina Pipeline

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 3.1 millions of barrels of oil equivalent per day, ground storage of 11 millions of barrels, and rail terminalling capacity of approximately 145 thousands of barrels of oil equivalent per day serving markets and basins across North America.

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