Pembina Pipeline Corp Announces Monthly Dividend of $0.17 (PPL)
Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) announced a monthly dividend on Wednesday, June 21st, TickerTech reports. Investors of record on Saturday, July 15th will be paid a dividend of 0.17 per share on Saturday, July 15th. This represents a $2.04 annualized dividend and a yield of 4.71%. The ex-dividend date of this dividend is Wednesday, June 21st.
Shares of Pembina Pipeline Corp (PPL) traded up 0.16% during midday trading on Friday, reaching $43.34. The company had a trading volume of 1,823,045 shares. The stock has a 50-day moving average of $43.56 and a 200 day moving average of $42.48. Pembina Pipeline Corp has a 52 week low of $37.21 and a 52 week high of $44.65. The firm has a market capitalization of $17.38 billion and a price-to-earnings ratio of 34.10.
Several research analysts recently commented on PPL shares. Raymond James Financial, Inc. reiterated an “outperform” rating and issued a C$47.00 price target on shares of Pembina Pipeline Corp in a research report on Thursday, February 16th. Royal Bank of Canada reiterated an “outperform” rating and issued a C$50.00 price target (up previously from C$45.00) on shares of Pembina Pipeline Corp in a research report on Friday, February 24th. Scotiabank reiterated an “outperform” rating and issued a C$44.00 price target on shares of Pembina Pipeline Corp in a research report on Friday, February 24th. TD Securities lifted their price target on Pembina Pipeline Corp from C$46.00 to C$48.00 and gave the stock a “buy” rating in a research report on Monday, February 27th. Finally, Desjardins lowered Pembina Pipeline Corp from a “top pick” rating to a “buy” rating in a research report on Monday, February 27th. Two investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of C$48.56.
In other Pembina Pipeline Corp news, Director Bruce D. Rubin bought 5,000 shares of the company’s stock in a transaction on Monday, June 5th. The stock was acquired at an average price of C$43.65 per share, for a total transaction of C$218,250.00. Also, insider Harold Andersen bought 755 shares of the company’s stock in a transaction on Friday, May 12th. The shares were acquired at an average price of C$43.57 per share, with a total value of C$32,895.35. Insiders have acquired 7,285 shares of company stock valued at $317,253 in the last 90 days.
Pembina Pipeline Corp Company Profile
Pembina Pipeline Corporation is an energy transportation and service provider. The Company operates through four segments. The Conventional Pipelines segment consists of the tariff-based operations of pipelines and related facilities to deliver crude oil, condensate and natural gas liquids (NGL) in Alberta, British Columbia, Saskatchewan, and North Dakota, United States.
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