Pembina Pipeline Corp (PPL) Announces Monthly Dividend of $0.19
Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) announced a monthly dividend on Thursday, September 6th, Zacks reports. Shareholders of record on Tuesday, September 25th will be given a dividend of 0.19 per share on Monday, October 15th. This represents a $2.28 annualized dividend and a yield of 5.28%. The ex-dividend date is Monday, September 24th.
Pembina Pipeline stock traded down C$0.38 during trading hours on Wednesday, hitting C$43.17. 188,594 shares of the stock traded hands, compared to its average volume of 1,141,138. Pembina Pipeline has a one year low of C$37.60 and a one year high of C$47.84.
Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its quarterly earnings data on Thursday, August 2nd. The company reported C$0.42 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.52 by C($0.10). The firm had revenue of C$1.95 billion for the quarter, compared to the consensus estimate of C$1.55 billion. Pembina Pipeline had a net margin of 10.28% and a return on equity of 6.24%.
In related news, Director Henry William Sykes purchased 1,200 shares of the company’s stock in a transaction dated Monday, August 13th. The shares were purchased at an average cost of C$46.52 per share, with a total value of C$55,824.00. Over the last three months, insiders bought 3,301 shares of company stock worth $151,449.
About Pembina Pipeline
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The company operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon liquids and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota; and owns and operates the Nipisi and Mitsue pipelines, which provide transportation for producers operating in the Pelican Lake and Peace River heavy oil regions of Alberta; transports synthetic crude oil for the Syncrude project and the Horizon project to delivery points near Edmonton, Alberta; and operates Cheecham Lateral, which transports synthetic crude to oil sands producers operating southeast of Fort McMurray, Alberta.
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