Pembina Pipeline Corp. (PBA) to Issue Quarterly Dividend of C$0.71 on March 31st

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) declared a quarterly dividend on Thursday, February 26th. Investors of record on Monday, March 16th will be given a dividend of 0.71 per share by the pipeline company on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 6.4%. The ex-dividend date is Monday, March 16th.

Pembina Pipeline has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 4 years. Pembina Pipeline has a payout ratio of 91.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Pembina Pipeline to earn $2.23 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 93.3%.

Pembina Pipeline Stock Up 0.4%

Shares of NYSE:PBA opened at $44.65 on Friday. The company has a current ratio of 0.61, a quick ratio of 0.47 and a debt-to-equity ratio of 0.80. The stock has a fifty day simple moving average of $41.84 and a two-hundred day simple moving average of $39.70. Pembina Pipeline has a 12-month low of $34.13 and a 12-month high of $45.09. The stock has a market capitalization of $25.94 billion, a price-to-earnings ratio of 23.50 and a beta of 0.68.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its earnings results on Thursday, February 26th. The pipeline company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. Pembina Pipeline had a return on equity of 11.17% and a net margin of 21.76%.The firm had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the prior year, the firm posted $0.92 earnings per share. The company’s quarterly revenue was down 10.8% on a year-over-year basis. On average, research analysts anticipate that Pembina Pipeline will post 2.15 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Weiss Ratings upgraded shares of Pembina Pipeline from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Zacks Research raised shares of Pembina Pipeline from a “strong sell” rating to a “hold” rating in a report on Friday, January 23rd. BMO Capital Markets reiterated a “market perform” rating on shares of Pembina Pipeline in a research note on Friday, February 27th. Finally, TD Securities cut shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $60.00.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.