Pembina Pipeline Corp. (NYSE:PBA) Shares Set to Pay Quarterly Dividend of C$0.73

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Tuesday, December 15th will be given a dividend of C$0.73 per share by the pipeline company on Thursday, December 31st. This represents a $2.94 annualized dividend and a dividend yield of 6.2%. The ex-dividend date of this dividend is Tuesday, December 15th.

Pembina Pipeline has a dividend 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 fall. Equities analysts expect Pembina Pipeline to earn $2.24 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 94.6%.

Pembina Pipeline Price Performance

Shares of PBA stock opened at $47.64 on Friday. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.62 and a quick ratio of 0.50. The company has a market capitalization of $27.70 billion, a PE ratio of 25.12 and a beta of 0.59. The firm’s 50-day moving average is $48.02 and its two-hundred day moving average is $46.55. Pembina Pipeline has a 12 month low of $36.20 and a 12 month high of $51.58.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Thursday, November 5th. The pipeline company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.07. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.41 billion. Pembina Pipeline had a net margin of 22.41% and a return on equity of 11.41%. The business’s revenue was up 21.7% compared to the same quarter last year. During the same quarter last year, the firm earned $0.43 EPS. Analysts predict that Pembina Pipeline will post 2.19 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Gold Investment Management Ltd. grew its stake in shares of Pembina Pipeline by 2.0% in the third quarter. Gold Investment Management Ltd. now owns 10,897 shares of the pipeline company’s stock valued at $486,000 after buying an additional 213 shares in the last quarter. Kraematon Investment Advisors Inc. raised its holdings in shares of Pembina Pipeline by 0.4% in the 2nd quarter. Kraematon Investment Advisors Inc. now owns 59,286 shares of the pipeline company’s stock valued at $2,742,000 after buying an additional 251 shares during the period. Alps Advisors Inc. lifted its stake in Pembina Pipeline by 0.8% during the 3rd quarter. Alps Advisors Inc. now owns 35,369 shares of the pipeline company’s stock worth $1,577,000 after acquiring an additional 291 shares in the last quarter. Broderick Brian C lifted its stake in Pembina Pipeline by 0.9% during the 1st quarter. Broderick Brian C now owns 32,823 shares of the pipeline company’s stock worth $1,469,000 after acquiring an additional 300 shares in the last quarter. Finally, M.E. Allison & CO. Inc. lifted its stake in Pembina Pipeline by 4.9% during the 2nd quarter. M.E. Allison & CO. Inc. now owns 7,815 shares of the pipeline company’s stock worth $361,000 after acquiring an additional 365 shares in the last quarter. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

About Pembina Pipeline

Pembina Pipeline Corporation is a Canadian energy infrastructure company headquartered in Calgary, Alberta. Founded in 1954, the company owns and operates pipelines and related facilities that transport and process hydrocarbon products, primarily in Western Canada.

Pembina’s operations include conventional and oil sands pipelines, natural gas gathering and processing facilities, fractionation and storage assets, and infrastructure for moving natural gas liquids such as propane, butane and ethane.