Plains All American Pipeline, L.P. (PAA) Announces Quarterly Dividend of $0.65
Plains All American Pipeline, L.P. (NYSE:PAA) announced a quarterly dividend on Tuesday, July 8th, American Banking News reports. Shareholders of record on Friday, August 1st will be paid a dividend of 0.645 per share on Thursday, August 14th. This represents a $2.58 annualized dividend and a dividend yield of 4.44%.
A number of research firms have recently commented on PAA. Analysts at Zacks reiterated a “neutral” rating on shares of Plains All American Pipeline, L.P. in a research note on Wednesday, June 18th. They now have a $60.00 price target on the stock. On a related note, analysts at Wunderlich raised their price target on shares of Plains All American Pipeline, L.P. from $60.00 to $63.00 in a research note on Monday, June 9th. They now have a “buy” rating on the stock. Finally, analysts at Global Hunter Securities initiated coverage on shares of Plains All American Pipeline, L.P. in a research note on Tuesday, June 3rd. They set an “accumulate” rating and a $62.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Plains All American Pipeline, L.P. presently has a consensus rating of “Buy” and a consensus target price of $61.50.
Shares of Plains All American Pipeline, L.P. (NYSE:PAA) traded down 0.93% on Tuesday, hitting $57.5801. 266,992 shares of the company’s stock traded hands. Plains All American Pipeline, L.P. has a one year low of $47.26 and a one year high of $60.32. The stock’s 50-day moving average is $57.57 and its 200-day moving average is $54.6. The company has a market cap of $20.952 billion and a P/E ratio of 25.55.
Plains All American Pipeline, L.P. (NYSE:PAA) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $0.65 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.65. Analysts expect that Plains All American Pipeline, L.P. will post $2.45 EPS for the current fiscal year.
Plains All American Pipeline, L.P. (NYSE:PAA) is engaged in the transportation, storage, terminalling and marketing of crude oil and refined products, as well as in the processing, transportation, fractionation, storage and marketing of natural gas liquids (NGL).
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