Pembina Pipeline Corp (NYSE:PBA) Plans Monthly Dividend of $0.15

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.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Thursday, May 2nd. The pipeline company reported $0.41 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.04). Pembina Pipeline had a return on equity of 10.61% and a net margin of 16.39%. The company had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $2.28 billion. During the same quarter last year, the company posted $0.54 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. Equities analysts anticipate that Pembina Pipeline will post 1.69 earnings per share for the current fiscal year.

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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Dividend History for Pembina Pipeline (NYSE:PBA)

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