Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) declared a dividend on Wednesday, July 10th, NASDAQ reports. Shareholders of record on Thursday, July 25th will be given a dividend of 0.153 per share by the pipeline company on Thursday, August 15th. The ex-dividend date is Wednesday, July 24th. This is a positive change from Pembina Pipeline’s previous dividend of $0.13.
Pembina Pipeline has raised its dividend payment by an average of 6.8% per year over the last three years and has increased its dividend annually for the last 3 consecutive years.
PBA opened at $38.45 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.50 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $19.53 billion, a PE ratio of 21.72, a price-to-earnings-growth ratio of 4.53 and a beta of 0.80. Pembina Pipeline has a twelve month low of $28.30 and a twelve month high of $38.52. The company has a 50-day moving average of $36.58.
Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings results on Thursday, May 2nd. The pipeline company reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.04). Pembina Pipeline had a net margin of 16.39% and a return on equity of 10.61%. The business had revenue of $1.97 billion during the quarter, compared to the consensus estimate of $2.28 billion. During the same period last year, the firm earned $0.54 EPS. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, sell-side analysts expect that Pembina Pipeline will post 1.69 EPS for the current year.
Separately, Zacks Investment Research raised shares of Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research report on Thursday, May 23rd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $40.00.
Pembina Pipeline Company Profile
Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.
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