Plains GP Holdings, L.P. (NYSE:PAGP) to Issue $0.42 Dividend

Plains GP Holdings, L.P. (NYSE:PAGP) announced a dividend on Monday, January 5th. Shareholders of record on Friday, January 30th will be paid a dividend of 0.4175 per share by the pipeline company on Friday, February 13th. The ex-dividend date is Friday, January 30th.

Plains GP has decreased its dividend payment by an average of 0.0%annually over the last three years. Plains GP has a dividend payout ratio of 95.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities research analysts expect Plains GP to earn $1.87 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 81.3%.

Plains GP Stock Down 0.3%

PAGP traded down $0.05 during trading on Wednesday, reaching $19.20. The company had a trading volume of 1,491,492 shares, compared to its average volume of 1,974,547. Plains GP has a 12 month low of $16.60 and a 12 month high of $22.31. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.01 and a quick ratio of 0.92. The business’s fifty day moving average price is $18.38 and its 200 day moving average price is $18.63. The company has a market cap of $3.80 billion, a P/E ratio of 36.23 and a beta of 0.56.

About Plains GP

Plains GP Holdings, L.P. (NYSE: PAGP) serves as the general partner of Plains All American Pipeline, L.P., one of North America’s leading energy infrastructure companies. Through its ownership of a 2% general partner interest and incentive distribution rights (IDRs), Plains GP Holdings participates in the governance and cash distribution structure of a diversified portfolio of crude oil and natural gas liquids gathering, transportation, storage, and terminaling assets.

The company’s primary business activities include overseeing the strategic direction and capital allocation decisions for its affiliated midstream operations.