Pembina Pipeline Corp. (NYSE:PBA – Get Free Report) (TSE:PPL) announced a quarterly dividend on Thursday, July 30th. Investors of record on Tuesday, September 15th will be given a dividend of 0.735 per share by the pipeline company on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a yield of 5.8%. The ex-dividend date of this dividend is Tuesday, September 15th.
Pembina Pipeline has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 4 consecutive years. Pembina Pipeline has a payout ratio of 93.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Pembina Pipeline to earn $2.30 per share next year, which means the company should continue to be able to cover its $2.13 annual dividend with an expected future payout ratio of 92.6%.
Pembina Pipeline Stock Down 0.1%
Shares of Pembina Pipeline stock opened at $50.37 on Friday. The firm has a market cap of $29.29 billion, a price-to-earnings ratio of 26.24 and a beta of 0.57. The stock has a 50-day simple moving average of $48.39 and a 200-day simple moving average of $45.41. Pembina Pipeline has a 52-week low of $35.45 and a 52-week high of $51.58. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.83 and a quick ratio of 0.68.
Wall Street Analysts Forecast Growth
PBA has been the topic of several recent analyst reports. Canadian Imperial Bank of Commerce reiterated an “outperform” rating on shares of Pembina Pipeline in a report on Friday, July 3rd. Scotiabank cut shares of Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, July 20th. Barclays reaffirmed an “overweight” rating on shares of Pembina Pipeline in a research report on Thursday, May 21st. Royal Bank Of Canada lifted their price objective on Pembina Pipeline from $64.00 to $68.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Finally, BMO Capital Markets restated a “market perform” rating and issued a $68.00 price objective on shares of Pembina Pipeline in a research note on Friday, July 3rd. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.00.
Get Our Latest Report on Pembina Pipeline
About Pembina Pipeline
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.
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