Pembina Pipeline Co. (TSE:PPL) Declares $0.21 Monthly Dividend

Pembina Pipeline Co. (TSE:PPLGet Rating) (NYSE:PBA) announced a monthly dividend on Thursday, August 4th, Zacks reports. Shareholders of record on Thursday, August 25th will be paid a dividend of 0.21 per share on Thursday, September 15th. This represents a $2.52 dividend on an annualized basis and a yield of 5.50%. The ex-dividend date of this dividend is Wednesday, August 24th.

Pembina Pipeline Stock Down 2.3 %

PPL traded down C$1.07 during midday trading on Friday, reaching C$45.80. The company’s stock had a trading volume of 2,837,642 shares, compared to its average volume of 2,526,900. The firm has a market capitalization of C$25.39 billion and a price-to-earnings ratio of 20.00. The company has a current ratio of 0.55, a quick ratio of 0.44 and a debt-to-equity ratio of 81.35. Pembina Pipeline has a 1 year low of C$37.02 and a 1 year high of C$53.58. The stock’s 50-day moving average is C$47.59 and its 200-day moving average is C$46.59.

Pembina Pipeline (TSE:PPLGet Rating) (NYSE:PBA) last posted its quarterly earnings results on Thursday, May 5th. The company reported C$0.81 EPS for the quarter, beating analysts’ consensus estimates of C$0.73 by C$0.08. The firm had revenue of C$3.04 billion for the quarter. As a group, research analysts expect that Pembina Pipeline will post 3.03 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada increased their price target on shares of Pembina Pipeline from C$49.00 to C$58.00 and gave the company an “outperform” rating in a report on Monday, May 9th. Credit Suisse Group restated an “outperform” rating and set a C$48.00 price objective (up previously from C$46.00) on shares of Pembina Pipeline in a research report on Monday, April 11th. TD Securities increased their price target on shares of Pembina Pipeline from C$50.00 to C$54.00 and gave the stock a “buy” rating in a research report on Monday, May 9th. CSFB increased their price objective on shares of Pembina Pipeline from C$47.00 to C$56.00 in a research note on Monday, April 11th. Finally, Wells Fargo & Company reduced their price objective on shares of Pembina Pipeline from C$51.00 to C$48.00 and set an “equal weight” rating for the company in a research note on Friday, May 20th. Five research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Pembina Pipeline currently has a consensus rating of “Moderate Buy” and a consensus target price of C$50.53.

Insider Transactions at Pembina Pipeline

In other Pembina Pipeline news, Senior Officer Jaret Sprott sold 31,544 shares of the stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of C$52.21, for a total transaction of C$1,646,823.92. In other news, Senior Officer Jaret Sprott sold 31,544 shares of the stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of C$52.21, for a total transaction of C$1,646,823.92. Also, Senior Officer J. Scott Burrows sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 19th. The shares were sold at an average price of C$50.48, for a total transaction of C$757,216.50. Following the completion of the sale, the insider now directly owns 11,000 shares in the company, valued at approximately C$555,292.10. Over the last 90 days, insiders acquired 235 shares of company stock valued at $10,475 and sold 52,006 shares valued at $2,679,518.

About Pembina Pipeline

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Pembina Pipeline Corporation provides transportation and midstream services for the energy industry. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 3.1 millions of barrels of oil equivalent per day, ground storage of 11 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.

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Dividend History for Pembina Pipeline (TSE:PPL)

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