Pembina Pipeline Corp (PBA) Declares $0.14 Monthly Dividend

Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) announced a monthly dividend on Tuesday, January 8th, Wall Street Journal reports. Shareholders of record on Friday, January 25th will be paid a dividend of 0.1399 per share by the pipeline company on Friday, February 15th. This represents a $1.68 dividend on an annualized basis and a yield of 5.18%. The ex-dividend date of this dividend is Thursday, January 24th.

Pembina Pipeline has raised its dividend by an average of 6.0% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Pembina Pipeline has a payout ratio of 94.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Pembina Pipeline to earn $2.07 per share next year, which means the company should continue to be able to cover its $1.62 annual dividend with an expected future payout ratio of 78.3%.

Shares of NYSE:PBA opened at $32.42 on Wednesday. The firm has a market cap of $15.94 billion, a price-to-earnings ratio of 24.38, a P/E/G ratio of 2.54 and a beta of 0.75. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.51 and a current ratio of 0.70. Pembina Pipeline has a one year low of $28.30 and a one year high of $36.84.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its earnings results on Thursday, November 1st. The pipeline company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.13. The firm had revenue of $2.05 billion for the quarter, compared to analysts’ expectations of $1.64 billion. Pembina Pipeline had a return on equity of 11.01% and a net margin of 18.00%. Pembina Pipeline’s quarterly revenue was up 95.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.22 EPS. As a group, equities research analysts forecast that Pembina Pipeline will post 1.67 earnings per share for the current year.

A number of brokerages have commented on PBA. Zacks Investment Research upgraded Pembina Pipeline from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Thursday, October 4th. ValuEngine upgraded Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Saturday, October 6th. Raymond James restated a “buy” rating on shares of Pembina Pipeline in a report on Tuesday, November 6th. Credit Suisse Group upgraded Pembina Pipeline from a “neutral” rating to an “outperform” rating in a report on Friday, November 16th. Finally, National Bank Financial restated a “buy” rating on shares of Pembina Pipeline in a report on Friday, November 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $40.00.

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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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Dividend History for Pembina Pipeline (NYSE:PBA)

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