Inter Pipeline Ltd (TSE:IPL) declared a monthly dividend on Tuesday, January 9th, Zacks reports. Shareholders of record on Monday, January 22nd will be given a dividend of 0.14 per share on Thursday, February 15th. This represents a $1.68 dividend on an annualized basis and a yield of 6.54%. The ex-dividend date of this dividend is Friday, January 19th.

Inter Pipeline (TSE:IPL) opened at C$25.67 on Thursday. The company has a market cap of $9,670.00, a PE ratio of 18.60 and a beta of 0.36. Inter Pipeline has a 12-month low of C$22.14 and a 12-month high of C$29.79.

Inter Pipeline (TSE:IPL) last released its quarterly earnings results on Thursday, November 9th. The company reported C$0.38 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.39 by C($0.01). Inter Pipeline had a net margin of 26.02% and a return on equity of 17.06%.

A number of research firms have commented on IPL. CIBC reduced their price target on shares of Inter Pipeline from C$31.00 to C$30.00 in a research report on Monday, November 13th. TD Securities boosted their price target on shares of Inter Pipeline from C$33.00 to C$35.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. GMP Securities boosted their price target on shares of Inter Pipeline from C$29.00 to C$29.50 in a research report on Monday, November 13th. BMO Capital Markets lowered shares of Inter Pipeline from an “outperform” rating to a “market perform” rating and set a C$28.00 target price on the stock. in a research report on Tuesday, December 19th. Finally, Raymond James Financial upped their target price on shares of Inter Pipeline from C$26.00 to C$28.00 and gave the stock a “market perform” rating in a research report on Monday, November 13th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of C$30.19.

ILLEGAL ACTIVITY NOTICE: “Inter Pipeline Ltd (IPL) Plans Monthly Dividend of $0.14” was originally published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of international copyright & trademark laws. The original version of this piece of content can be accessed at https://www.watchlistnews.com/inter-pipeline-ltd-ipl-plans-monthly-dividend-of-0-14/1811999.html.

About Inter Pipeline

Inter Pipeline Ltd. is a petroleum transportation, storage and natural gas liquids processing business. The Company’s segments include oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) processing business and bulk liquid storage business. The Company geographical segments include Canada and Europe.

Dividend History for Inter Pipeline (TSE:IPL)

Receive News & Ratings for Inter Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.