Pembina Pipeline Corp (PBA) to Issue Nov 19 Dividend of $0.20 on December 13th

Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) announced a nov 19 dividend on Friday, November 8th, RTT News reports. Stockholders of record on Monday, November 25th will be given a dividend of 0.20 per share by the pipeline company on Friday, December 13th. This represents a dividend yield of 5%. The ex-dividend date is Friday, November 22nd.

PBA stock opened at $36.21 on Wednesday. The firm has a market cap of $18.69 billion, a PE ratio of 15.67, a PEG ratio of 3.52 and a beta of 0.73. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.82 and a current ratio of 0.90. The firm’s 50 day moving average price is $35.73 and its 200-day moving average price is $36.46. Pembina Pipeline has a one year low of $28.30 and a one year high of $38.56.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Friday, November 1st. The pipeline company reported $0.50 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.07. The firm had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.78 billion. Pembina Pipeline had a net margin of 23.79% and a return on equity of 14.01%. The business’s revenue for the quarter was down 16.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.39 EPS. Equities research analysts predict that Pembina Pipeline will post 2.07 EPS for the current fiscal year.

Several analysts have recently commented on PBA shares. CIBC reaffirmed a “buy” rating on shares of Pembina Pipeline in a research report on Monday, November 4th. Credit Suisse Group set a $58.00 price target on shares of Pembina Pipeline and gave the company a “buy” rating in a research report on Monday, October 21st. ValuEngine raised shares of Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded shares of Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Pembina Pipeline has an average rating of “Buy” and a consensus price target of $49.00.

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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Dividend History for Pembina Pipeline (NYSE:PBA)

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