Pembina Pipeline Corp (TSE:PPL) Declares Monthly Dividend of $0.20

Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) announced a monthly dividend on Wednesday, July 10th, Zacks reports. Stockholders of record on Thursday, July 25th will be paid a dividend of 0.20 per share on Thursday, August 15th. This represents a $2.40 annualized dividend and a dividend yield of 4.79%. The ex-dividend date is Wednesday, July 24th.

Shares of TSE:PPL opened at C$50.06 on Tuesday. The firm has a market capitalization of $25.36 billion and a P/E ratio of 22.42. The company has a 50-day simple moving average of C$48.90. Pembina Pipeline has a 52-week low of C$39.15 and a 52-week high of C$50.65. The company has a current ratio of 0.60, a quick ratio of 0.50 and a debt-to-equity ratio of 55.61.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last released its earnings results on Thursday, May 2nd. The company reported C$0.55 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.59 by C($0.04). The company had revenue of C$1.97 billion for the quarter, compared to analyst estimates of C$2.09 billion. Research analysts predict that Pembina Pipeline will post 2.6300001 EPS for the current fiscal year.

Several research firms recently weighed in on PPL. CIBC increased their target price on shares of Winpak from C$47.00 to C$48.00 in a research note on Wednesday, April 24th. Raymond James reiterated a “buy” rating and issued a $0.65 target price on shares of DB Commodity Double Short ETN in a research note on Wednesday, May 15th. Finally, CSFB increased their target price on shares of Pembina Pipeline from C$54.00 to C$58.00 in a research note on Thursday, April 25th. Five investment analysts have rated the stock with a buy rating, The company presently has an average rating of “Buy” and an average target price of C$56.27.

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 Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.

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Dividend History for Pembina Pipeline (TSE:PPL)

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