Plains GP Holdings, L.P. (NYSE:PAGP) announced a quarterly dividend on Tuesday, January 11th, Wall Street Journal reports. Stockholders of record on Monday, January 31st will be given a dividend of 0.18 per share by the pipeline company on Monday, February 14th. This represents a $0.72 annualized dividend and a dividend yield of 6.32%. The ex-dividend date of this dividend is Friday, January 28th.
NYSE:PAGP opened at $11.39 on Thursday. The company has a 50-day moving average price of $10.51 and a 200-day moving average price of $10.65. Plains GP has a 12 month low of $8.25 and a 12 month high of $12.95. The company has a current ratio of 0.90, a quick ratio of 0.78 and a debt-to-equity ratio of 0.78. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of -51.77 and a beta of 2.07.
Plains GP (NYSE:PAGP) last issued its quarterly earnings results on Tuesday, November 2nd. The pipeline company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.29). Plains GP had a negative net margin of 0.12% and a negative return on equity of 0.39%. The business had revenue of $10.78 billion for the quarter, compared to analysts’ expectations of $9.28 billion. During the same period last year, the business earned $0.09 earnings per share. Equities analysts forecast that Plains GP will post 0.37 EPS for the current fiscal year.
About Plains GP
Plains GP Holdings LP owns and operates midstream energy infrastructure and provides logistics services primarily for crude oil, natural gas liquids and natural gas through its indirect investment in Plains All American Pipeline, L.P. The firm operates through the following segments: Transportation, Facilities and Supply and Logistics.
Receive News & Ratings for Plains GP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plains GP and related companies with MarketBeat.com's FREE daily email newsletter.