Pembina Pipeline Corp (PPL) Announces Monthly Dividend of $0.19
Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) announced a monthly dividend on Tuesday, August 7th, Zacks reports. Investors of record on Friday, August 24th will be given a dividend of 0.19 per share on Friday, September 14th. This represents a $2.28 annualized dividend and a yield of 4.94%. The ex-dividend date of this dividend is Thursday, August 23rd.
TSE PPL opened at C$46.20 on Friday. Pembina Pipeline has a 12-month low of C$37.60 and a 12-month high of C$47.84.
In related news, Director Douglas James Arnell acquired 600 shares of the company’s stock in a transaction on Thursday, May 31st. The shares were acquired at an average cost of C$44.65 per share, for a total transaction of C$26,790.00. Also, Director Henry William Sykes bought 1,200 shares of the stock in a transaction dated Monday, August 13th. The shares were acquired at an average price of C$46.52 per share, for a total transaction of C$55,824.00. Over the last 90 days, insiders have acquired 3,201 shares of company stock worth $147,039.
Pembina Pipeline Company Profile
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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