Inter Pipeline Ltd (IPL) Announces C$0.14 Monthly Dividend
Inter Pipeline Ltd (TSE:IPL) declared a monthly dividend on Thursday, January 19th. Investors of record on Wednesday, February 15th will be given a dividend of 0.135 per share on Wednesday, February 15th. This represents a $1.62 annualized dividend and a dividend yield of 5.56%. The ex-dividend date is Thursday, January 19th.
Inter Pipeline (TSE:IPL) opened at 29.14 on Friday. The company has a 50 day moving average price of $28.63 and a 200 day moving average price of $27.82. The firm has a market capitalization of $10.48 billion and a P/E ratio of 21.65. Inter Pipeline has a 52-week low of $18.43 and a 52-week high of $30.07.
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Several equities analysts have commented on the stock. BMO Capital Markets boosted their price target on shares of Inter Pipeline from C$28.00 to C$28.50 in a research note on Tuesday, December 13th. Scotiabank restated a “sector perform” rating and issued a C$29.00 price target on shares of Inter Pipeline in a research note on Monday, November 7th. TD Securities restated a “buy” rating and issued a C$30.00 price target on shares of Inter Pipeline in a research note on Monday, November 7th. Raymond James Financial, Inc. boosted their price target on shares of Inter Pipeline from C$27.50 to C$29.00 in a research note on Wednesday, October 12th. Finally, Royal Bank Of Canada boosted their price target on shares of Inter Pipeline from C$30.00 to C$31.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 13th. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Inter Pipeline currently has a consensus rating of “Hold” and a consensus target price of C$29.83.
About Inter Pipeline
Inter Pipeline Ltd. (Inter Pipeline) owns and operates energy infrastructure assets located in western Canada and Europe. Inter Pipeline operates in four segments: oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) extraction business and the bulk liquid storage business.
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