Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) announced a jan 18 dividend on Monday, January 8th, RTT News reports. Stockholders of record on Thursday, January 25th will be paid a dividend of 0.18 per share by the pipeline company on Thursday, February 15th.

Pembina Pipeline has decreased its dividend by an average of 0.2% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Pembina Pipeline has a dividend payout ratio of 142.9% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Pembina Pipeline to earn $1.76 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 96.6%.

Pembina Pipeline (NYSE PBA) traded down $0.24 during mid-day trading on Monday, reaching $36.38. 525,800 shares of the company traded hands, compared to its average volume of 489,200. Pembina Pipeline has a 1 year low of $30.32 and a 1 year high of $36.99. The stock has a market cap of $18,400.00, a P/E ratio of 36.75 and a beta of 0.74. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.60 and a current ratio of 0.78.

Several analysts recently commented on PBA shares. Zacks Investment Research downgraded shares of Pembina Pipeline from a “hold” rating to a “sell” rating in a research report on Wednesday, November 29th. Macquarie downgraded shares of Pembina Pipeline from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $39.00.

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About Pembina Pipeline

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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