Inter Pipeline Ltd Plans Monthly Dividend of $0.14 (TSE:IPL)

Inter Pipeline Ltd (TSE:IPL) declared a monthly dividend on Friday, July 19th, TickerTech reports. Investors of record on Thursday, August 15th will be given a dividend of 0.1425 per share on Thursday, August 15th. This represents a $1.71 annualized dividend and a yield of 7.61%. The ex-dividend date is Friday, July 19th.

Inter Pipeline stock opened at C$22.46 on Thursday. Inter Pipeline has a 12 month low of C$18.60 and a 12 month high of C$25.35. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 153.85. The firm has a 50 day moving average price of C$20.84. The stock has a market capitalization of $9.21 billion and a P/E ratio of 16.16.

Inter Pipeline (TSE:IPL) last posted its earnings results on Thursday, May 9th. The company reported C$0.24 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.31 by C($0.07). The business had revenue of C$658.90 million during the quarter, compared to analysts’ expectations of C$629.00 million. Equities analysts anticipate that Inter Pipeline will post 1.25 earnings per share for the current year.

Several equities research analysts have issued reports on IPL shares. National Bank Financial increased their target price on Yamana Gold from C$3.75 to C$4.00 and gave the stock a “sector perform” rating in a research report on Friday, May 10th. BMO Capital Markets increased their target price on Sun Life Financial from C$58.00 to C$60.00 in a research report on Friday, May 10th. Finally, Raymond James restated a “sell” rating on shares of Inter Pipeline in a research report on Tuesday, May 14th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of C$25.11.

In other news, Senior Officer Jeremy Allan Roberge purchased 3,600 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were purchased at an average price of C$20.82 per share, with a total value of C$74,952.00. Following the completion of the acquisition, the insider now owns 16,700 shares in the company, valued at approximately C$347,694.

Inter Pipeline Company Profile

Inter Pipeline Ltd. engages in the petroleum transportation and storage, and natural gas liquids processing businesses in Canada and Europe. The company operates through four segments: Oil Sands Transportation; Conventional Oil Pipelines; Natural Gas Liquids (NGL) Processing; and Bulk Liquid Storage.

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Dividend History for Inter Pipeline (TSE:IPL)

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