Pembina Pipeline Corp (PPL) Plans $0.17 Monthly Dividend
Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) declared a monthly dividend on Friday, September 22nd, TickerTech reports. Investors of record on Sunday, October 15th will be given a dividend of 0.17 per share on Sunday, October 15th. This represents a $2.04 dividend on an annualized basis and a yield of 4.92%. The ex-dividend date is Friday, September 22nd.
Pembina Pipeline Corp (PPL) opened at 41.50 on Friday. The stock has a market cap of $16.72 billion and a PE ratio of 32.42. Pembina Pipeline Corp has a 12-month low of $37.25 and a 12-month high of $44.65. The company’s 50-day moving average price is $40.79 and its 200-day moving average price is $42.66.
PPL has been the subject of several research analyst reports. TD Securities raised their price target on Pembina Pipeline Corp from C$51.00 to C$52.00 and gave the stock a “buy” rating in a research report on Thursday, August 3rd. AltaCorp Capital upgraded Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a report on Wednesday, July 19th. Nine analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of C$48.67.
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In other Pembina Pipeline Corp news, insider Michael H. Dilger purchased 10,000 shares of the business’s stock in a transaction on Monday, August 14th. The shares were bought at an average cost of C$32.32 per share, for a total transaction of C$323,200.00.
Pembina Pipeline Corp Company Profile
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services, and Midstream. The Conventional Pipelines segment operates approximately 10,000 kilometers of pipeline network that transports hydrocarbon products and extends across Alberta and parts of British Columbia, Saskatchewan, and North Dakota.
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