Pembina Pipeline Corp Announces Monthly Dividend of $0.14 (PBA)

Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) announced a monthly dividend on Monday, March 12th, Wall Street Journal reports. Stockholders of record on Sunday, March 25th will be paid a dividend of 0.1389 per share by the pipeline company on Sunday, April 15th. This represents a $1.67 annualized dividend and a dividend yield of 5.17%. The ex-dividend date is Thursday, March 22nd.

Pembina Pipeline has decreased its dividend by an average of 0.2% annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Pembina Pipeline has a 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. Research analysts expect Pembina Pipeline to earn $1.94 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 87.6%.

Pembina Pipeline (NYSE PBA) traded down $0.15 during trading hours on Monday, reaching $32.24. The company had a trading volume of 514,679 shares, compared to its average volume of 554,625. The stock has a market capitalization of $16,290.00, a price-to-earnings ratio of 21.47 and a beta of 0.69. The company has a quick ratio of 0.75, a current ratio of 0.89 and a debt-to-equity ratio of 0.64. Pembina Pipeline has a 52-week low of $30.17 and a 52-week high of $36.99.

Several equities analysts recently commented on PBA shares. Zacks Investment Research raised Pembina Pipeline from a “sell” rating to a “hold” rating in a report on Wednesday, December 20th. Macquarie lowered Pembina Pipeline from an “outperform” rating to a “neutral” rating in a report on Wednesday, November 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average 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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