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

Pembina Pipeline Co. (TSE:PPL) (NYSE:PBA) announced a monthly dividend on Wednesday, July 7th, Zacks reports. Investors of record on Friday, July 23rd will be paid a dividend of 0.21 per share on Friday, August 13th. This represents a $2.52 annualized dividend and a dividend yield of 6.44%. The ex-dividend date of this dividend is Thursday, July 22nd.

Shares of PPL stock opened at C$39.13 on Wednesday. The company has a current ratio of 0.67, a quick ratio of 0.54 and a debt-to-equity ratio of 80.45. The company has a market capitalization of C$21.52 billion and a PE ratio of -45.34. The company has a 50 day moving average of C$39.41. Pembina Pipeline has a 1 year low of C$26.77 and a 1 year high of C$41.63.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings results on Thursday, May 6th. The company reported C$0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.57 by C($0.06). The company had revenue of C$2.05 billion during the quarter. On average, equities research analysts predict that Pembina Pipeline will post 2.5099999 earnings per share for the current fiscal year.

Several research firms have weighed in on PPL. TD Securities upped their target price on Pembina Pipeline from C$39.00 to C$41.00 and gave the stock a “buy” rating in a research note on Monday, May 10th. JPMorgan Chase & Co. upped their target price on Pembina Pipeline from C$42.00 to C$44.00 and gave the stock a “market perform” rating in a research note on Wednesday, May 19th. Tudor Pickering upped their target price on Pembina Pipeline to C$43.00 and gave the stock a “buy” rating in a research note on Tuesday, June 15th. Tudor Pickering & Holt set a C$43.00 target price on Pembina Pipeline and gave the stock a “buy” rating in a research note on Tuesday, June 15th. Finally, CIBC restated an “outperform” rating and set a C$47.00 target price on shares of Pembina Pipeline in a research note on Monday. Ten equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of C$41.16.

Pembina Pipeline Company Profile

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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Dividend History for Pembina Pipeline (TSE:PPL)

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