Pembina Pipeline Corp (PBA) to Issue Dec 17 Dividend of $0.18 on January 15th
Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) declared a dec 17 dividend on Thursday, December 7th, RTT News reports. Investors of record on Sunday, December 31st will be given a dividend of 0.18 per share by the pipeline company on Monday, January 15th. This represents a dividend yield of 4.84%. The ex-dividend date is Thursday, December 28th.
Pembina Pipeline has decreased its dividend payment by an average of 3.1% per year over the last three years. Pembina Pipeline has a dividend payout ratio of 142.9% 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 Pembina Pipeline to earn $1.76 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 96.6%.
Pembina Pipeline (NYSE PBA) traded up $0.41 during trading on Wednesday, hitting $35.89. The company had a trading volume of 224,200 shares, compared to its average volume of 375,143. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.60 and a current ratio of 0.78. The firm has a market capitalization of $17,830.00, a price-to-earnings ratio of 36.25 and a beta of 0.74. Pembina Pipeline has a one year low of $30.32 and a one year high of $36.29.
PBA has been the topic of a number of recent analyst reports. Zacks Investment Research raised Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Macquarie downgraded Pembina Pipeline from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $39.00.
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About Pembina Pipeline
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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