Pembina Pipeline Corp (PBA) Announces Dec 17 Dividend of $0.18

Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) declared a dec 17 dividend on Thursday, December 7th, RTT News reports. Stockholders of record on Sunday, December 31st will be given a dividend of 0.18 per share by the pipeline company on Monday, January 15th. This represents a dividend yield of 4.84%. The ex-dividend date is Thursday, December 28th.

Pembina Pipeline has decreased its dividend by an average of 3.1% per year over the last three years. Pembina Pipeline has a payout ratio of 142.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Pembina Pipeline to earn $1.76 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 96.6%.

Pembina Pipeline (PBA) opened at $34.53 on Friday. The company has a market cap of $17,350.15, a price-to-earnings ratio of 34.88 and a beta of 0.74. Pembina Pipeline has a twelve month low of $30.32 and a twelve month high of $36.29. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 0.75.

Several research analysts recently commented on PBA shares. Macquarie downgraded shares of Pembina Pipeline from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 29th. Zacks Investment Research downgraded shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Wednesday, November 29th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $39.00.

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Pembina Pipeline Company Profile

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.

Dividend History for Pembina Pipeline (NYSE:PBA)

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