Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) announced a monthly dividend on Monday, February 5th, Zacks reports. Stockholders of record on Friday, February 23rd will be given a dividend of 0.18 per share on Thursday, March 15th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.23%. The ex-dividend date is Thursday, February 22nd.
Shares of Pembina Pipeline (PPL) opened at C$41.28 on Wednesday. Pembina Pipeline has a 52 week low of C$38.10 and a 52 week high of C$46.17. The firm has a market capitalization of $20,770.00, a PE ratio of 32.76 and a beta of 0.28.
PPL has been the subject of a number of recent research reports. BMO Capital Markets lowered their target price on Pembina Pipeline from C$48.00 to C$47.00 in a research note on Tuesday, February 6th. CIBC boosted their target price on Pembina Pipeline from C$50.00 to C$51.00 in a research note on Thursday, January 11th. JPMorgan Chase & Co. boosted their target price on Pembina Pipeline from C$53.00 to C$55.00 in a research note on Friday, December 8th. TD Securities boosted their target price on Pembina Pipeline from C$52.00 to C$53.00 and gave the company a “buy” rating in a research note on Monday, November 6th. Finally, National Bank Financial boosted their target price on Pembina Pipeline from C$51.00 to C$52.00 and gave the company an “outperform” rating in a research note on Thursday, November 30th. Nine analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Pembina Pipeline presently has a consensus rating of “Buy” and an average price target of C$51.10.
In other Pembina Pipeline news, Director Bruce D. Rubin purchased 5,000 shares of Pembina Pipeline stock in a transaction that occurred on Friday, January 12th. The shares were bought at an average price of C$35.37 per share, for a total transaction of C$176,850.00. Also, Director Henry William Sykes purchased 1,000 shares of Pembina Pipeline stock in a transaction that occurred on Wednesday, December 6th. The shares were acquired at an average price of C$44.79 per share, for a total transaction of C$44,790.00. In the last 90 days, insiders have purchased 8,915 shares of company stock worth $334,311.
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Pembina Pipeline Company Profile
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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