Pembina Pipeline Corp (PBA) to Issue $0.18 Jan 18 Dividend
Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) declared a jan 18 dividend on Monday, January 8th, RTT News reports. Investors of record on Thursday, January 25th will be paid a dividend of 0.18 per share by the pipeline company on Thursday, February 15th. This represents a yield of 4.93%. The ex-dividend date is Wednesday, January 24th.
Pembina Pipeline has decreased its dividend payment by an average of 0.2% annually over the last three years and has increased its dividend every year for the last 2 years. Pembina Pipeline has a dividend payout ratio of 142.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Pembina Pipeline to earn $1.77 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 96.0%.
Pembina Pipeline (NYSE PBA) opened at $35.21 on Friday. Pembina Pipeline has a fifty-two week low of $30.32 and a fifty-two week high of $36.99. The firm has a market capitalization of $17,645.29, a price-to-earnings ratio of 35.57 and a beta of 0.73. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.78 and a quick ratio of 0.60.
Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its earnings results on Thursday, November 2nd. The pipeline company reported $0.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.08). Pembina Pipeline had a net margin of 11.66% and a return on equity of 8.36%. equities analysts forecast that Pembina Pipeline will post 1.19 EPS for the current fiscal year.
PBA has been the topic of a number of research analyst reports. Zacks Investment Research cut Pembina Pipeline from a “hold” rating to a “sell” rating in a report on Wednesday, November 29th. Macquarie cut Pembina Pipeline from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Pembina Pipeline has a consensus rating of “Hold” and a consensus target price of $39.00.
About Pembina Pipeline
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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