Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) announced a quarterly dividend on Wednesday, August 7th, RTT News reports. Stockholders of record on Friday, August 23rd will be paid a dividend of 0.20 per share by the pipeline company on Friday, September 13th. This represents a $0.80 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend is Thursday, August 22nd.
Pembina Pipeline has increased its dividend payment by an average of 6.8% per year over the last three years and has raised its dividend annually for the last 3 consecutive years.
Shares of PBA opened at $36.95 on Wednesday. Pembina Pipeline has a twelve month low of $28.30 and a twelve month high of $38.56. The company has a market cap of $18.87 billion, a P/E ratio of 20.88, a P/E/G ratio of 3.62 and a beta of 0.80. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.64. The company’s fifty day simple moving average is $37.30 and its 200-day simple moving average is $36.70.
Separately, Zacks Investment Research raised shares of Pembina Pipeline from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a research note on Tuesday. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $41.00.
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 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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