Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) declared a monthly dividend on Tuesday, September 10th, RTT News reports. Stockholders of record on Wednesday, September 25th will be given a dividend of 0.20 per share by the pipeline company on Tuesday, October 15th. This represents a $2.40 annualized dividend and a dividend yield of 6.39%. The ex-dividend date is Tuesday, September 24th.
Pembina Pipeline has increased its dividend by an average of 6.8% annually over the last three years and has increased its dividend every year for the last 3 years.
Shares of Pembina Pipeline stock traded up $0.09 on Monday, reaching $37.57. 91,895 shares of the company were exchanged, compared to its average volume of 913,089. The stock has a fifty day moving average price of $36.76 and a 200-day moving average price of $36.77. The firm has a market capitalization of $19.03 billion, a price-to-earnings ratio of 21.23, a price-to-earnings-growth ratio of 3.47 and a beta of 0.75. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.64. Pembina Pipeline has a fifty-two week low of $28.30 and a fifty-two week high of $38.56.
Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings results on Thursday, August 1st. The pipeline company reported $1.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.81. Pembina Pipeline had a return on equity of 13.92% and a net margin of 22.20%. The business had revenue of $1.81 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the company posted $0.43 earnings per share. Pembina Pipeline’s revenue for the quarter was up 3.7% compared to the same quarter last year. On average, equities analysts anticipate that Pembina Pipeline will post 2.15 earnings per share for the current fiscal year.
Several research firms recently weighed in on PBA. ValuEngine cut Pembina Pipeline from a “hold” rating to a “sell” rating in a research report on Saturday, September 14th. Zacks Investment Research raised Pembina Pipeline from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Tuesday, August 20th. One equities research analyst has rated the stock with a sell rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $41.00.
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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