Pembina Pipeline Corp (PPL) Announces Monthly Dividend of C$0.15
Pembina Pipeline Corp (TSE:PPL) declared a Monthly dividend on Wednesday, May 21st, Analyst Ratings.Net reports. Investors of record on Friday, June 13th will be given a dividend of 0.145 per share on Friday, June 13th. This represents a yield of 3.91%. The ex-dividend date of this dividend is Wednesday, May 21st.
PPL has been the subject of a number of recent research reports. Analysts at BMO Capital Markets raised their price target on shares of Pembina Pipeline Corp from C$43.00 to C$46.00 in a research note on Friday, May 16th. They now have a “market perform” rating on the stock. On the ratings front, analysts at FirstEnergy Capital raised their price target on shares of Pembina Pipeline Corp from C$46.00 to C$48.00 in a research note on Tuesday, May 13th. Finally, analysts at Haywood Securities raised their price target on shares of Pembina Pipeline Corp from C$3.00 to C$50.00 in a research note on Tuesday, May 13th. They now have a “buy” rating on the stock. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of C$47.90.
Shares of Pembina Pipeline Corp (TSE:PPL) opened at 44.45 on Wednesday. Pembina Pipeline Corp has a 52-week low of $30.36 and a 52-week high of $46.56. The stock’s 50-day moving average is $42.86 and its 200-day moving average is $38.75. The company has a price-to-earnings ratio of 40.16.
Pembina Pipeline Corp (TSE:PPL) last released its earnings data on Monday, May 12th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.07.
Pembina Pipeline Corporation (TSE:PPL) is a Calgary-based company, engaged in providing transportation and midstream services.
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