Inter Pipeline Ltd (IPL) Plans Monthly Dividend of C$0.13
Inter Pipeline Ltd (TSE:IPL) declared a monthly dividend on Wednesday, October 19th. Shareholders of record on Tuesday, November 15th will be given a dividend of 0.13 per share on Tuesday, November 15th. This represents a $1.56 annualized dividend and a yield of 5.55%. The ex-dividend date of this dividend is Wednesday, October 19th.
Inter Pipeline (TSE:IPL) opened at 28.12 on Friday. Inter Pipeline has a 52-week low of $18.43 and a 52-week high of $28.79. The firm’s 50-day moving average is $27.87 and its 200 day moving average is $27.12. The company has a market cap of $9.48 billion and a price-to-earnings ratio of 20.69.
IPL has been the subject of several research reports. National Bank Financial set a C$29.00 price objective on shares of Inter Pipeline and gave the company a “sector perform” rating in a research note on Friday, August 19th. BMO Capital Markets restated a “market perform” rating and set a C$28.00 price objective on shares of Inter Pipeline in a research note on Thursday, August 18th. Raymond James Financial Inc. lifted their price objective on shares of Inter Pipeline from C$27.50 to C$29.00 in a research note on Wednesday. TD Securities cut shares of Inter Pipeline from a “buy” rating to a “hold” rating and lifted their price objective for the company from C$26.00 to C$27.00 in a research note on Friday, August 5th. Finally, Royal Bank Of Canada lifted their target price on shares of Inter Pipeline from C$28.00 to C$30.00 in a report on Monday, August 8th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Inter Pipeline presently has an average rating of “Hold” and a consensus price target of C$29.15.
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About Inter Pipeline
Inter Pipeline Ltd. (Inter Pipeline) owns and operates energy infrastructure assets located in western Canada and Europe. Inter Pipeline operates in four segments: oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) extraction business and the bulk liquid storage business.
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