Pembina Pipeline Corp. (PBA) To Go Ex-Dividend on September 15th

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) declared a quarterly dividend on Thursday, July 30th. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.735 per share by the pipeline company on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date is Tuesday, September 15th.

Pembina Pipeline has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 4 years. Pembina Pipeline has a payout ratio of 93.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Pembina Pipeline to earn $2.29 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 92.6%.

Pembina Pipeline Trading Down 1.1%

Shares of Pembina Pipeline stock opened at $47.81 on Friday. The stock has a market cap of $27.81 billion, a P/E ratio of 23.44 and a beta of 0.58. The company has a quick ratio of 0.50, a current ratio of 0.62 and a debt-to-equity ratio of 0.78. Pembina Pipeline has a 12-month low of $36.20 and a 12-month high of $51.58. The business’s 50 day moving average is $49.00 and its 200-day moving average is $46.94.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its earnings results on Thursday, July 30th. The pipeline company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). Pembina Pipeline had a net margin of 22.41% and a return on equity of 11.41%. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the business posted $0.65 earnings per share. Pembina Pipeline’s quarterly revenue was up 20.1% compared to the same quarter last year. Equities research analysts predict that Pembina Pipeline will post 2.23 earnings per share for the current fiscal year.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is a Canadian energy transportation and midstream services company headquartered in Calgary, Alberta. Founded in 1954, the company develops and operates infrastructure that transports and processes hydrocarbons produced primarily in Western Canada.

Pembina’s operations include conventional and oil sands pipelines, natural gas gathering and processing facilities, fractionation and storage assets, and terminals for hydrocarbon liquids. Its infrastructure supports the movement of crude oil, condensate, natural gas, propane, butane and other natural gas liquids from producing regions to domestic and international markets.

The company also provides marketing, logistics and related midstream services and is pursuing opportunities tied to liquefied natural gas and other energy exports.