Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) announced a dec 17 dividend on Thursday, December 7th, RTT News reports. Investors of record on Sunday, December 31st will be paid a dividend of 0.18 per share by the pipeline company on Monday, January 15th.

Pembina Pipeline has decreased its dividend by an average of 3.1% per year over the last three years. Pembina Pipeline has a payout ratio of 134.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Pembina Pipeline to earn $1.81 per share next year, which means the company should continue to be able to cover its $1.69 annual dividend with an expected future payout ratio of 93.4%.

Shares of Pembina Pipeline (PBA) traded down $0.12 during trading on Thursday, reaching $34.95. 493,500 shares of the company were exchanged, compared to its average volume of 373,573. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 0.75. Pembina Pipeline has a 12-month low of $29.47 and a 12-month high of $36.29. The stock has a market cap of $17,621.48, a PE ratio of 35.42 and a beta of 0.74.

A number of equities analysts have weighed in on the stock. BidaskClub cut shares of Pembina Pipeline from a “sell” rating to a “strong sell” rating in a research report on Monday, August 14th. Zacks Investment Research cut shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a research report on Wednesday, November 29th. Finally, Macquarie cut shares of Pembina Pipeline from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 29th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Pembina Pipeline currently has an average rating of “Hold” and a consensus target price of $41.50.

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Pembina Pipeline 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.

Dividend History for Pembina Pipeline (NYSE:PBA)

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