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.

Several analysts recently issued reports on the stock. CIBC lifted their price target on shares of Pembina Pipeline from C$51.00 to C$52.00 in a research report on Tuesday, August 7th. TD Securities lifted their price target on shares of Pembina Pipeline from C$51.00 to C$52.00 in a research report on Friday, August 3rd. Raymond James lifted their price target on shares of Pembina Pipeline from C$47.50 to C$48.00 in a research report on Tuesday, May 22nd. Royal Bank of Canada lifted their price target on shares of Pembina Pipeline from C$52.00 to C$54.00 and gave the company an “outperform” rating in a research report on Friday, August 3rd. Finally, National Bank Financial lifted their price target on shares of Pembina Pipeline from C$55.00 to C$56.00 and gave the company an “outperform” rating in a research report on Friday, August 3rd. Five analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of C$52.22.

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.

Recommended Story: Diversification in Investing

Dividend History for Pembina Pipeline (TSE:PPL)

Receive News & Ratings for Pembina Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Pembina Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.