Pembina Pipeline Corp (PPL) Plans $0.19 Monthly Dividend

Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) announced a monthly dividend on Tuesday, April 9th, Zacks reports. Stockholders of record on Thursday, April 25th will be given a dividend of 0.19 per share on Wednesday, May 15th. This represents a $2.28 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date is Wednesday, April 24th.

PPL traded up C$0.16 during midday trading on Friday, reaching C$47.63. 1,833,500 shares of the company’s stock traded hands, compared to its average volume of 1,400,821. The firm has a market capitalization of $24.29 billion and a price-to-earnings ratio of 21.33. The company has a debt-to-equity ratio of 55.61, a current ratio of 0.60 and a quick ratio of 0.50. Pembina Pipeline has a 52 week low of C$39.15 and a 52 week high of C$50.65.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its quarterly earnings results on Thursday, February 21st. The company reported C$0.66 EPS for the quarter, beating analysts’ consensus estimates of C$0.63 by C$0.03. The business had revenue of C$1.73 billion for the quarter, compared to the consensus estimate of C$1.95 billion. As a group, sell-side analysts expect that Pembina Pipeline will post 2.76999997960665 EPS for the current fiscal year.

In related news, Senior Officer Paul John Murphy sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, March 14th. The stock was sold at an average price of C$49.54, for a total value of C$1,238,390.00. Following the sale, the insider now owns 12,958 shares in the company, valued at approximately C$641,882.30.

A number of research analysts have commented on PPL shares. National Bank Financial lowered their price target on Pembina Pipeline from C$58.00 to C$57.00 and set an “outperform” rating for the company in a research report on Wednesday, January 23rd. CIBC lowered their price target on Pembina Pipeline from C$53.00 to C$52.00 in a research report on Tuesday, January 15th. Raymond James set a C$51.00 target price on Pembina Pipeline and gave the stock an “outperform” rating in a report on Friday, February 22nd. GMP Securities upped their target price on Pembina Pipeline from C$56.00 to C$58.00 in a report on Tuesday, February 5th. Finally, AltaCorp Capital reiterated an “outperform” rating on shares of Pembina Pipeline in a report on Wednesday, February 13th. Five analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of C$56.27.

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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 (TSE:PPL)

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