Inter Pipeline Ltd (TSE:IPL) announced a monthly dividend on Thursday, June 20th, TickerTech reports. Stockholders of record on Monday, July 15th will be given a dividend of 0.1425 per share on Monday, July 15th. This represents a $1.71 dividend on an annualized basis and a dividend yield of 8.57%. The ex-dividend date is Thursday, June 20th. This is an increase from Inter Pipeline’s previous monthly dividend of $0.14.

TSE IPL opened at C$19.96 on Friday. The firm has a market cap of $8.15 billion and a PE ratio of 14.36. Inter Pipeline has a one year low of C$18.60 and a one year high of C$25.66. The company has a current ratio of 0.18, a quick ratio of 0.15 and a debt-to-equity ratio of 153.85.

Inter Pipeline (TSE:IPL) last released its earnings results on Thursday, May 9th. The company reported C$0.24 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.31 by C($0.07). The firm had revenue of C$658.90 million during the quarter, compared to the consensus estimate of C$629.00 million. As a group, sell-side analysts forecast that Inter Pipeline will post 1.2899999 EPS for the current fiscal year.

Several brokerages recently weighed in on IPL. National Bank Financial decreased their price objective on Inter Pipeline from C$29.50 to C$28.00 and set an “outperform” rating for the company in a report on Friday, May 10th. TD Securities decreased their price objective on Inter Pipeline from C$31.00 to C$28.00 in a report on Tuesday, February 19th. BMO Capital Markets decreased their price objective on Inter Pipeline from C$24.00 to C$22.00 in a report on Friday, May 10th. CIBC decreased their price objective on Inter Pipeline from C$29.00 to C$26.00 in a report on Tuesday, February 19th. Finally, Royal Bank of Canada reduced their target price on Inter Pipeline from C$28.00 to C$25.00 and set an “outperform” rating for the company in a report on Tuesday, February 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of C$25.11.

In other Inter Pipeline news, Senior Officer Jeremy Allan Roberge acquired 3,600 shares of the business’s stock in a transaction dated Tuesday, May 14th. The stock was bought at an average price of C$20.82 per share, with a total value of C$74,952.00. Following the completion of the acquisition, the insider now owns 16,700 shares of the company’s stock, valued at C$347,694.

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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.

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Dividend History for Inter Pipeline (TSE:IPL)

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