Inter Pipeline Ltd (TSE:IPL) announced a monthly dividend on Tuesday, November 21st, TickerTech reports. Stockholders of record on Friday, December 15th will be given a dividend of 0.14 per share on Friday, December 15th. This represents a $1.68 annualized dividend and a dividend yield of 6.40%. The ex-dividend date of this dividend is Tuesday, November 21st. This is a boost from Inter Pipeline’s previous monthly dividend of $0.14.

Inter Pipeline (TSE IPL) traded down C$0.20 during trading on Thursday, hitting C$26.23. 551,866 shares of the stock traded hands, compared to its average volume of 962,175. Inter Pipeline has a 52-week low of C$22.14 and a 52-week high of C$30.07.

In related news, insider James Joseph Madro acquired 2,200 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were purchased at an average price of C$22.49 per share, for a total transaction of C$49,478.00.

IPL has been the topic of a number of analyst reports. GMP Securities boosted their price objective on shares of Inter Pipeline from C$29.00 to C$29.50 in a research report on Monday. BMO Capital Markets lowered their target price on shares of Inter Pipeline from C$29.00 to C$27.00 in a research note on Friday, August 11th. Scotiabank lowered their target price on shares of Inter Pipeline from C$29.00 to C$28.00 and set a “sector perform” rating for the company in a research note on Monday, August 14th. Royal Bank Of Canada lowered their target price on shares of Inter Pipeline from C$32.00 to C$30.00 and set an “outperform” rating for the company in a research note on Monday, August 14th. Finally, Raymond James Financial, Inc. lowered their target price on shares of Inter Pipeline from C$30.00 to C$26.00 and set a “market perform” rating for the company in a research note on Monday, August 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of C$29.72.

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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)

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