Plains All American Pipeline, L.P. (NYSE:PAA) to Issue Dividend Increase – $0.42 Per Share

Plains All American Pipeline, L.P. (NYSE:PAA) declared a quarterly dividend on Monday, January 5th. Investors of record on Friday, January 30th will be paid a dividend of 0.4175 per share by the pipeline company on Friday, February 13th. This represents a c) annualized dividend and a yield of 9.2%. The ex-dividend date is Friday, January 30th. This is a 9.9% increase from Plains All American Pipeline’s previous quarterly dividend of $0.38.

Plains All American Pipeline has decreased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 5 years. Plains All American Pipeline has a dividend payout ratio of 100.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Plains All American Pipeline to earn $1.52 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 100.0%.

Plains All American Pipeline Stock Performance

Shares of PAA stock traded down $0.05 during mid-day trading on Tuesday, hitting $18.25. The stock had a trading volume of 809,433 shares, compared to its average volume of 2,036,593. The firm has a market cap of $12.87 billion, a PE ratio of 25.01 and a beta of 0.59. The company’s 50-day simple moving average is $17.30 and its 200-day simple moving average is $17.51. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. Plains All American Pipeline has a fifty-two week low of $15.57 and a fifty-two week high of $21.00.

Plains All American Pipeline (NYSE:PAA) last posted its quarterly earnings results on Wednesday, November 5th. The pipeline company reported $0.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.01. Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. During the same quarter in the previous year, the company earned $0.37 earnings per share. The firm’s quarterly revenue was down 7.0% on a year-over-year basis. Sell-side analysts anticipate that Plains All American Pipeline will post 1.52 earnings per share for the current year.

Institutional Trading of Plains All American Pipeline

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Exencial Wealth Advisors LLC boosted its holdings in Plains All American Pipeline by 1.5% in the third quarter. Exencial Wealth Advisors LLC now owns 40,909 shares of the pipeline company’s stock valued at $698,000 after acquiring an additional 601 shares during the last quarter. Apollon Wealth Management LLC raised its holdings in shares of Plains All American Pipeline by 0.8% in the 2nd quarter. Apollon Wealth Management LLC now owns 80,515 shares of the pipeline company’s stock worth $1,475,000 after purchasing an additional 628 shares during the period. HB Wealth Management LLC lifted its stake in shares of Plains All American Pipeline by 5.2% in the 2nd quarter. HB Wealth Management LLC now owns 15,247 shares of the pipeline company’s stock valued at $279,000 after purchasing an additional 748 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Plains All American Pipeline by 76.1% during the 2nd quarter. Blue Trust Inc. now owns 1,761 shares of the pipeline company’s stock worth $32,000 after purchasing an additional 761 shares during the period. Finally, Clarus Group Inc. increased its position in Plains All American Pipeline by 0.9% during the 2nd quarter. Clarus Group Inc. now owns 93,131 shares of the pipeline company’s stock worth $1,706,000 after purchasing an additional 801 shares in the last quarter. 41.78% of the stock is currently owned by institutional investors and hedge funds.

About Plains All American Pipeline

Plains All American Pipeline, L.P. (NYSE: PAA) is a prominent North American midstream energy company that specializes in the transportation, storage and marketing of crude oil, natural gas liquids (NGLs) and refined products. The partnership’s integrated infrastructure network supports the movement of hydrocarbons from major supply basins to domestic and export markets, providing connectivity between production areas, refineries and marine terminals. Plains All American’s services include long-haul and short-haul pipeline systems, inventory services and fee-based storage contracts, helping producers and refiners optimize supply chains and manage market access.

The company operates an extensive onshore pipeline network that spans major U.S.