Pembina Pipeline Corp. Announces Quarterly Dividend of C$0.71 (NYSE:PBA)

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) declared a quarterly dividend on Thursday, November 6th. Investors of record on Monday, December 15th will be paid a dividend of 0.71 per share by the pipeline company on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Monday, December 15th.

Pembina Pipeline has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 4 years. Pembina Pipeline has a payout ratio of 90.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect Pembina Pipeline to earn $2.23 per share next year, which means the company should continue to be able to cover its $2.06 annual dividend with an expected future payout ratio of 92.4%.

Pembina Pipeline Price Performance

Pembina Pipeline stock traded down $1.32 during midday trading on Friday, hitting $36.85. The company’s stock had a trading volume of 965,806 shares, compared to its average volume of 1,344,359. Pembina Pipeline has a 12 month low of $34.13 and a 12 month high of $43.44. The company has a quick ratio of 0.62, a current ratio of 0.77 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $21.41 billion, a PE ratio of 17.32 and a beta of 0.75. The stock’s 50-day moving average price is $38.89 and its 200-day moving average price is $37.94.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings data on Thursday, November 6th. The pipeline company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.14). Pembina Pipeline had a net margin of 23.24% and a return on equity of 12.27%. The business had revenue of $911.47 million for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the business posted $0.60 EPS. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. Analysts anticipate that Pembina Pipeline will post 2.15 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Pembina Pipeline in a research report on Wednesday, October 8th. Jefferies Financial Group cut Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Wednesday, July 23rd. Raymond James Financial reaffirmed an “outperform” rating on shares of Pembina Pipeline in a research report on Monday, August 11th. Wall Street Zen lowered Pembina Pipeline from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. Finally, BMO Capital Markets restated an “outperform” rating on shares of Pembina Pipeline in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy”.

About Pembina Pipeline

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.