Pembina Pipeline Corp Declares Monthly Dividend of $0.17 (PPL)
Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) announced a monthly dividend on Thursday, September 7th, Zacks reports. Stockholders of record on Monday, September 25th will be paid a dividend of 0.17 per share on Friday, October 13th. This represents a $2.04 annualized dividend and a dividend yield of 4.92%. The ex-dividend date is Friday, September 22nd.
Shares of Pembina Pipeline Corp (TSE:PPL) opened at 41.50 on Friday. The stock has a 50 day moving average of $40.79 and a 200 day moving average of $42.66. Pembina Pipeline Corp has a 52 week low of $37.25 and a 52 week high of $44.65. The firm has a market cap of $16.72 billion and a P/E ratio of 32.42.
In other Pembina Pipeline Corp news, insider Michael H. Dilger acquired 10,000 shares of Pembina Pipeline Corp stock in a transaction that occurred on Monday, August 14th. The shares were acquired at an average cost of C$32.32 per share, with a total value of C$323,200.00.
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Several analysts have recently issued reports on PPL shares. TD Securities increased their target price on Pembina Pipeline Corp from C$51.00 to C$52.00 and gave the stock a “buy” rating in a report on Thursday, August 3rd. AltaCorp Capital raised Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a report on Wednesday, July 19th. Nine investment analysts have rated the stock with a buy rating, Pembina Pipeline Corp has an average rating of “Buy” and a consensus target price of C$48.67.
Pembina Pipeline Corp Company Profile
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services, and Midstream. The Conventional Pipelines segment operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon products and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota.
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