Inter Pipeline Ltd (IPL) to Issue Monthly Dividend of $0.14 on February 15th

Inter Pipeline Ltd (TSE:IPL) declared a monthly dividend on Tuesday, January 9th, Zacks reports. Investors of record on Monday, January 22nd will be given a dividend of 0.14 per share on Thursday, February 15th. This represents a $1.68 annualized dividend and a yield of 6.52%. The ex-dividend date is Friday, January 19th.

Inter Pipeline (IPL) opened at C$25.78 on Friday. Inter Pipeline has a 12 month low of C$22.14 and a 12 month high of C$29.79. The stock has a market capitalization of $9,710.00, a PE ratio of 18.68 and a beta of 0.36.

Several equities analysts recently issued reports on IPL shares. BMO Capital Markets reissued an “outperform” rating and set a C$28.00 target price on shares of Inter Pipeline in a research note on Friday, November 10th. CIBC decreased their target price on Inter Pipeline from C$31.00 to C$30.00 in a research note on Monday, November 13th. GMP Securities increased their price target on Inter Pipeline from C$29.00 to C$29.50 in a research report on Monday, November 13th. Raymond James Financial increased their price target on Inter Pipeline from C$26.00 to C$28.00 and gave the company a “market perform” rating in a research report on Monday, November 13th. Finally, TD Securities increased their price target on Inter Pipeline from C$33.00 to C$35.00 and gave the company a “buy” rating in a research report on Tuesday, December 19th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Inter Pipeline currently has a consensus rating of “Hold” and a consensus price target of C$30.19.

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Inter Pipeline Company Profile

Inter Pipeline Ltd. is a petroleum transportation, storage and natural gas liquids processing business. The Company’s segments include oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) processing business and bulk liquid storage business. The Company geographical segments include Canada and Europe.

Dividend History for Inter Pipeline (TSE:IPL)

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