Monthly Dividend of $0.14 Planned by Pembina Pipeline (PBA)
Pembina Pipeline (NYSE:PBA) declared a monthly dividend on Wednesday, January 9th. Stockholders of record on Friday, January 25th will be given a dividend of $0.14 per share on Monday, February 25th. This represents a $1.64 dividend on an annualized basis and a yield of 5.57%. The ex-dividend date is Wednesday, January 23rd.
A number of analysts have recently weighed in on PBA shares. Analysts at CIBC raised their price target on shares of Pembina Pipeline from $29.00 to $29.75 in a research note to investors on Thursday, November 8th. On a related note, analysts at Macquarie raised their price target on shares of Pembina Pipeline from $33.75 to $35.00 in a research note to investors on Thursday, November 8th. Finally, analysts at TD Securities raised their price target on shares of Pembina Pipeline from $27.00 to $28.00 in a research note to investors on Thursday, November 8th. They now have a “hold” rating on the stock.
Seven analysts have rated the stock with a buy rating, and five have assigned a hold rating to the company’s stock. Pembina Pipeline presently has an average rating of “overweight” and an average price target of $30.91.
Shares of Pembina Pipeline (PBA) traded up 0.51% during mid-day trading on Wednesday, hitting $29.46. Pembina Pipeline (PBA) has a 52 week low of $24.15 and a 52 week high of $30.93. The stock’s 50-day moving average is currently $28.46. The company has a market cap of $8.586 billion and a P/E ratio of 34.77.
Pembina Pipeline last announced its earnings results on Tuesday, November 6th. The company reported $0.11 EPS for the quarter. The company had revenue of $815.30 million for the quarter, compared to the consensus estimate of $300.60 million. Analysts expect that Pembina Pipeline (PBA) will post $0.74 EPS for the current fiscal year.
Pembina Pipeline is a Canadian corporation that operates transportation and storage infrastructure delivering oil and natural gas to and from parts of Western Canada.
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