Pembina Pipeline (TSE:PPL) (NYSE:PBA) declared a monthly dividend on Friday, March 9th, Zacks reports. Investors of record on Sunday, March 25th will be given a dividend of 0.18 per share on Sunday, April 15th. This represents a $2.16 annualized dividend and a yield of 5.54%. The ex-dividend date is Thursday, March 22nd.
Shares of Pembina Pipeline stock traded down C$0.33 during trading hours on Friday, reaching C$38.99. The stock had a trading volume of 1,216,961 shares, compared to its average volume of 1,189,244. Pembina Pipeline has a 1 year low of C$37.60 and a 1 year high of C$46.17.
Pembina Pipeline (TSE:PPL) (NYSE:PBA) last posted its earnings results on Thursday, February 22nd. The company reported C$0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.51 by C$0.19. Pembina Pipeline had a return on equity of 6.24% and a net margin of 10.28%. The business had revenue of C$1.72 billion during the quarter.
A number of equities research analysts have weighed in on the company. CIBC raised their price objective on Pembina Pipeline from C$50.00 to C$51.00 in a research note on Thursday, January 11th. Industrial Alliance Securities upgraded Pembina Pipeline from a “buy” rating to a “strong-buy” rating and lowered their price objective for the company from C$51.00 to C$50.00 in a research note on Wednesday, February 14th. National Bank Financial raised their price objective on Pembina Pipeline from C$52.00 to C$54.00 and gave the company an “outperform” rating in a research note on Monday, January 29th. Scotiabank raised their price objective on Pembina Pipeline from C$50.00 to C$52.00 and gave the company an “outperform” rating in a research note on Monday, February 26th. Finally, TD Securities lowered their price objective on Pembina Pipeline from C$53.00 to C$51.00 and set a “buy” rating for the company in a research note on Monday, February 26th. Eight investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of C$51.70.
In related news, Director Bruce D. Rubin purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The shares were acquired at an average price of C$35.37 per share, with a total value of C$176,850.00.
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About Pembina Pipeline
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through five segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services, Midstream, and Veresen. The Conventional Pipelines segment operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon liquids and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota.
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