Pembina Pipeline Corp. (PBA) To Go Ex-Dividend on December 15th

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) announced a quarterly dividend on Thursday, November 5th. Shareholders of record on Tuesday, December 15th will be given a dividend of C$0.73 per share by the pipeline company on Thursday, December 31st. This represents a $2.94 annualized dividend and a yield of 6.1%. The ex-dividend date is Tuesday, December 15th.

Pembina Pipeline has a dividend payout ratio of 93.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Pembina Pipeline to earn $2.24 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 94.6%.

Pembina Pipeline Stock Up 1.2%

Shares of NYSE:PBA opened at $48.22 on Friday. The company has a quick ratio of 0.50, a current ratio of 0.62 and a debt-to-equity ratio of 0.78. The firm’s 50 day moving average price is $48.02 and its 200 day moving average price is $46.60. Pembina Pipeline has a fifty-two week low of $36.20 and a fifty-two week high of $51.58. The stock has a market cap of $28.04 billion, a price-to-earnings ratio of 20.17 and a beta of 0.59.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, November 5th. The pipeline company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.11. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.41 billion. Pembina Pipeline had a net margin of 22.41% and a return on equity of 11.41%. The business’s revenue was up 21.7% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS. As a group, equities research analysts predict that Pembina Pipeline will post 2.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Pembina Pipeline

Several hedge funds have recently bought and sold shares of PBA. Cardinal Capital Management Inc. lifted its position in Pembina Pipeline by 102.4% in the 3rd quarter. Cardinal Capital Management Inc. now owns 7,356,398 shares of the pipeline company’s stock valued at $329,243,000 after purchasing an additional 3,721,819 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in Pembina Pipeline during the second quarter worth approximately $285,738,000. Canada Pension Plan Investment Board bought a new stake in Pembina Pipeline in the 2nd quarter valued at about $264,907,000. Deutsche Bank AG bought a new stake in Pembina Pipeline in the second quarter valued at approximately $262,233,000. Finally, Legal & General Group Plc bought a new position in Pembina Pipeline during the 2nd quarter valued at about $199,230,000. 55.37% of the stock is owned by hedge funds and other institutional investors.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is a Canadian energy transportation and midstream services company headquartered in Calgary, Alberta. Founded in 1954, it began as a pipeline operator serving oil fields in Alberta and has expanded into a range of energy infrastructure businesses.

The company transports crude oil, natural gas and natural gas liquids through its pipeline networks. Its operations also include natural gas gathering and processing, liquids fractionation, storage and terminalling, along with services that help connect producers with domestic and export markets.

Pembina’s assets and services are concentrated in Western Canada, with additional operations and market connections in the United States.