Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) declared a monthly dividend on Thursday, June 6th, NASDAQ reports. Stockholders of record on Tuesday, June 25th will be paid a dividend of 0.148 per share by the pipeline company on Monday, July 15th. This represents a $1.78 dividend on an annualized basis and a dividend yield of 4.64%. The ex-dividend date is Monday, June 24th.
Pembina Pipeline has increased its dividend payment by an average of 6.8% per year over the last three years and has raised its dividend every year for the last 3 years.
Shares of NYSE:PBA traded down $0.18 during trading on Friday, reaching $38.27. 375,720 shares of the stock were exchanged, compared to its average volume of 451,328. The stock has a fifty day moving average price of $36.63. Pembina Pipeline has a 1-year low of $28.30 and a 1-year high of $38.56. The stock has a market capitalization of $19.56 billion, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 4.53 and a beta of 0.80. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.50 and a current ratio of 0.60.
Separately, Zacks Investment Research upgraded Investors Real Estate Trust Reit from a “sell” rating to a “hold” rating in a research note on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and seven have given a buy rating to the company. Pembina Pipeline has an average rating of “Buy” and an average price target of $40.00.
About Pembina Pipeline
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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