Plains All American Pipeline, L.P. (NYSE:PAA) Plans Quarterly Dividend of $0.18

Plains All American Pipeline, L.P. (NYSE:PAA) declared a quarterly dividend on Wednesday, April 7th, Wall Street Journal reports. Investors of record on Friday, April 30th will be given a dividend of 0.18 per share by the pipeline company on Friday, May 14th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 7.69%. The ex-dividend date is Thursday, April 29th.

Plains All American Pipeline has decreased its dividend payment by 53.9% over the last three years.

NYSE:PAA opened at $9.36 on Thursday. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.72 and a current ratio of 0.90. The stock has a market capitalization of $6.76 billion, a P/E ratio of -2.78 and a beta of 2.22. The company has a 50 day moving average price of $9.15 and a 200 day moving average price of $8.25. Plains All American Pipeline has a fifty-two week low of $5.19 and a fifty-two week high of $12.35.

Plains All American Pipeline (NYSE:PAA) last released its earnings results on Monday, February 8th. The pipeline company reported ($0.11) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.42). The business had revenue of $5.96 billion for the quarter, compared to analyst estimates of $7.23 billion. Plains All American Pipeline had a positive return on equity of 19.02% and a negative net margin of 8.71%. Research analysts forecast that Plains All American Pipeline will post 1.53 earnings per share for the current fiscal year.

A number of research firms have issued reports on PAA. Wolfe Research reiterated a “peer perform” rating and set a $10.00 target price on shares of Plains All American Pipeline in a report on Wednesday, March 17th. Morgan Stanley reaffirmed an “equal weight” rating on shares of Plains All American Pipeline in a research report on Monday, March 29th. Scotiabank began coverage on shares of Plains All American Pipeline in a research report on Monday, February 1st. They issued an “outperform” rating on the stock. Raymond James dropped their target price on shares of Plains All American Pipeline from $12.00 to $10.00 and set an “outperform” rating on the stock in a research report on Wednesday, February 10th. Finally, Barclays dropped their target price on shares of Plains All American Pipeline from $12.00 to $11.00 and set an “equal weight” rating on the stock in a research report on Friday, March 19th. Four equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Plains All American Pipeline currently has an average rating of “Buy” and a consensus price target of $19.17.

About Plains All American Pipeline

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminalling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through three segments: Transportation, Facilities, and Supply and Logistics.

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Dividend History for Plains All American Pipeline (NYSE:PAA)

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