Inter Pipeline Ltd Plans Monthly Dividend of $0.14 (IPL)

Inter Pipeline Ltd (TSE:IPL) declared a monthly dividend on Monday, April 22nd, TickerTech reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.1425 per share on Wednesday, May 15th. This represents a $1.71 dividend on an annualized basis and a yield of 7.67%. The ex-dividend date of this dividend is Monday, April 22nd.

IPL opened at C$22.29 on Wednesday. The firm has a market cap of $8.86 billion and a PE ratio of 14.61. The company has a debt-to-equity ratio of 142.72, a current ratio of 0.18 and a quick ratio of 0.16. Inter Pipeline has a fifty-two week low of C$18.60 and a fifty-two week high of C$25.66.

Inter Pipeline (TSE:IPL) last released its earnings results on Thursday, February 14th. The company reported C$0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.38 by C($0.02). The firm had revenue of C$630.90 million during the quarter, compared to the consensus estimate of C$685.00 million. Equities research analysts forecast that Inter Pipeline will post 1.30058084672518 earnings per share for the current fiscal year.

Several equities analysts have commented on IPL shares. Raymond James lowered their target price on shares of Inter Pipeline from C$23.00 to C$20.00 and set an “underperform” rating on the stock in a research report on Wednesday, February 20th. Royal Bank of Canada decreased their target price on Inter Pipeline from C$28.00 to C$25.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 19th. CIBC cut their price target on shares of Inter Pipeline from C$29.00 to C$26.00 in a research note on Tuesday, February 19th. National Bank Financial cut their price target on shares of Inter Pipeline from C$29.00 to C$28.00 in a research note on Tuesday, February 19th. Finally, TD Securities cut their price target on shares of Inter Pipeline from C$31.00 to C$28.00 in a research note on Tuesday, February 19th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of C$25.33.

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Inter Pipeline Company Profile

Inter Pipeline Ltd. engages in the petroleum transportation and storage, and natural gas liquids processing businesses in Canada and Europe. The company operates through four segments: Oil Sands Transportation; Conventional Oil Pipelines; Natural Gas Liquids (NGL) Processing; and Bulk Liquid Storage.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

Dividend History for Inter Pipeline (TSE:IPL)

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