Pembina Pipeline Corp (PPL) to Issue $0.17 Monthly Dividend
Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) declared a monthly dividend on Thursday, September 7th, Zacks reports. Investors of record on Monday, September 25th will be paid a dividend of 0.17 per share on Friday, October 13th. 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 firm has a market cap of $16.72 billion and a PE ratio of 32.42. Pembina Pipeline Corp has a one year low of $37.25 and a one year high of $44.65. The company’s 50-day moving average is $40.79 and its 200-day moving average is $42.66.
PPL has been the subject of several research analyst reports. TD Securities lifted their price objective on shares of Pembina Pipeline Corp from C$51.00 to C$52.00 and gave the company a “buy” rating in a research note on Thursday, August 3rd. AltaCorp Capital upgraded shares of Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, July 19th. Nine analysts have rated the stock with a buy rating, Pembina Pipeline Corp has a consensus rating of “Buy” and an average 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 Pembina Pipeline Corp stock in a transaction that occurred on Monday, August 14th. The stock was acquired at an average price of C$32.32 per share, with a total value of C$323,200.00.
About Pembina Pipeline Corp
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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