Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) announced a feb 18 dividend on Monday, February 5th, RTT News reports. Investors of record on Sunday, February 25th will be paid a dividend of 0.18 per share by the pipeline company on Thursday, March 15th. This represents a dividend yield of 0.00560224089635854%. The ex-dividend date of this dividend is Thursday, February 22nd.
Pembina Pipeline has decreased its dividend by an average of 0.2% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Pembina Pipeline has a dividend payout ratio of 142.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Pembina Pipeline to earn $1.77 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 96.0%.
Shares of Pembina Pipeline (NYSE:PBA) opened at $32.66 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.60 and a current ratio of 0.78. Pembina Pipeline has a 12-month low of $30.17 and a 12-month high of $36.99. The company has a market capitalization of $16,518.56, a P/E ratio of 33.17 and a beta of 0.66.
Several analysts recently commented on the company. Macquarie cut Pembina Pipeline from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 29th. Zacks Investment Research upgraded Pembina Pipeline from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price 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.
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