Inter Pipeline Ltd (IPL) to Issue Monthly Dividend of $0.14 on November 15th

Inter Pipeline Ltd (TSE:IPL) announced a monthly dividend on Monday, October 21st, TickerTech reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.1425 per share on Friday, November 15th. This represents a $1.71 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date is Monday, October 21st. This is a boost from Inter Pipeline’s previous monthly dividend of $0.14.

TSE IPL opened at C$22.25 on Friday. The firm has a market cap of $9.18 billion and a P/E ratio of 13.26. The company has a debt-to-equity ratio of 153.30, a current ratio of 0.18 and a quick ratio of 0.15. The stock’s 50-day moving average is C$23.64 and its 200-day moving average is C$22.28. Inter Pipeline has a one year low of C$18.60 and a one year high of C$25.42.

Inter Pipeline (TSE:IPL) last released its quarterly earnings results on Thursday, August 8th. The company reported C$0.28 EPS for the quarter, topping the Zacks’ consensus estimate of C$0.27 by C$0.01. The business had revenue of C$641.60 million for the quarter, compared to analyst estimates of C$556.00 million. Equities analysts anticipate that Inter Pipeline will post 1.2905777 EPS for the current year.

A number of equities research analysts have recently commented on IPL shares. Raymond James raised Inter Pipeline from an “underperform” rating to a “market perform” rating and raised their price target for the stock from C$20.00 to C$25.00 in a research report on Monday, August 12th. BMO Capital Markets lifted their target price on Inter Pipeline from C$23.00 to C$24.00 in a research report on Monday, September 9th. JPMorgan Chase & Co. lifted their target price on Inter Pipeline from C$23.00 to C$25.00 in a research report on Wednesday, August 28th. National Bank Financial lifted their target price on Inter Pipeline from C$26.00 to C$27.00 and gave the company an “outperform” rating in a research report on Monday, August 12th. Finally, CIBC raised Inter Pipeline from a “neutral” rating to an “outperform” rating in a research report on Monday, August 12th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$25.89.

Inter Pipeline Company Profile

Inter Pipeline Ltd. engages in the petroleum transportation and storage, and natural gas liquids processing businesses in Canada and Europe. The company operates through four segments: Oil Sands Transportation; Conventional Oil Pipelines; Natural Gas Liquids (NGL) Processing; and Bulk Liquid Storage.

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Dividend History for Inter Pipeline (TSE:IPL)

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