Plains All American Pipeline Lp (PAA) to Distribute Quarterly Dividend of $0.42 on August 14th

Plains All American Pipeline Lp (NASDAQ:PAA) announced a quarterly dividend on Monday, July 6th. Shareholders of record on Friday, July 31st will be given a dividend of 0.4175 per share on Friday, August 14th. This represents a c) annualized dividend and a yield of 7.4%. The ex-dividend date is Friday, July 31st.

Plains All American Pipeline has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Plains All American Pipeline has a dividend payout ratio of 110.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Plains All American Pipeline to earn $1.65 per share next year, which means the company may not be able to cover its $1.67 annual dividend with an expected future payout ratio of 101.2%.

Plains All American Pipeline Price Performance

Plains All American Pipeline stock opened at $22.68 on Wednesday. The firm has a fifty day moving average of $22.47 and a 200-day moving average of $21.04. Plains All American Pipeline has a 52-week low of $15.69 and a 52-week high of $24.26. The company has a quick ratio of 0.88, a current ratio of 0.94 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $16.00 billion, a P/E ratio of 17.31, a PEG ratio of 10.21 and a beta of 0.50.

Plains All American Pipeline (NASDAQ:PAA) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). Plains All American Pipeline had a return on equity of 12.17% and a net margin of 2.53%.The business had revenue of $12.47 billion for the quarter. During the same period last year, the business posted $0.39 earnings per share. The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. As a group, analysts predict that Plains All American Pipeline will post 1.56 EPS for the current year.

About Plains All American Pipeline

Plains All American Pipeline (NASDAQ: PAA) is a publicly traded energy infrastructure company that provides midstream services for crude oil and natural gas liquids (NGLs). The company’s core activities include gathering, transporting, storing and marketing hydrocarbons, using an integrated network of pipelines, storage terminals, rail and truck transloading facilities. Plains also offers logistics and marketing services that connect upstream producers with refiners, traders and export markets.

Plains owns and operates a portfolio of pipeline and terminal assets concentrated in major U.S.