Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) declared a dec 17 dividend on Thursday, December 7th, RTT News reports. Investors of record on Sunday, December 31st will be paid a dividend of 0.18 per share by the pipeline company on Monday, January 15th.
Pembina Pipeline has decreased its dividend payment by an average of 3.1% per year over the last three years. Pembina Pipeline has a payout ratio of 134.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Pembina Pipeline to earn $1.81 per share next year, which means the company should continue to be able to cover its $1.69 annual dividend with an expected future payout ratio of 93.4%.
Pembina Pipeline (PBA) opened at $35.07 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.78 and a quick ratio of 0.60. Pembina Pipeline has a 12-month low of $30.12 and a 12-month high of $36.29. The company has a market capitalization of $17,561.19, a price-to-earnings ratio of 35.30 and a beta of 0.74.
A number of research analysts recently commented on PBA shares. BidaskClub cut Pembina Pipeline from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Zacks Investment Research cut Pembina Pipeline from a “hold” rating to a “sell” rating in a research report on Wednesday, November 29th. Finally, Macquarie cut Pembina Pipeline from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Pembina Pipeline has an average rating of “Hold” and a consensus price target of $39.00.
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About Pembina Pipeline
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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