Inter Pipeline Ltd (IPL) Announces $0.14 Monthly Dividend
Inter Pipeline Ltd (TSE:IPL) declared a monthly dividend on Wednesday, July 19th, TickerTech reports. Stockholders of record on Tuesday, August 15th will be given a dividend of 0.135 per share on Tuesday, August 15th. This represents a $1.62 annualized dividend and a dividend yield of 6.57%. The ex-dividend date of this dividend is Wednesday, July 19th.
Inter Pipeline (TSE IPL) traded up 0.85% on Friday, hitting $24.86. The stock had a trading volume of 75,651 shares. The company has a 50 day moving average of $26.20 and a 200 day moving average of $27.95. Inter Pipeline has a 12-month low of $24.31 and a 12-month high of $30.07. The company has a market capitalization of $9.24 billion and a PE ratio of 17.69.
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In related news, insider Cory Wade Neufeld acquired 2,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was acquired at an average cost of C$25.61 per share, for a total transaction of C$58,903.00.
About Inter Pipeline
Inter Pipeline Ltd. is a petroleum transportation, storage and natural gas liquids processing business. The Company’s segments include oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) processing business and bulk liquid storage business. The Company geographical segments include Canada and Europe.
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