Pembina Pipeline Corp (NYSE:PBA) (TSE:PPL) declared a nov 17 dividend on Wednesday, November 8th, RTT News reports. Investors of record on Saturday, November 25th will be given a dividend of 0.18 per share by the pipeline company on Friday, December 15th. This represents a yield of 4.73%. The ex-dividend date of this dividend is Wednesday, November 22nd.
Pembina Pipeline has decreased its dividend payment by an average of 3.1% per year over the last three years. Pembina Pipeline has a payout ratio of 134.1% 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 $1.81 per share next year, which means the company should continue to be able to cover its $1.69 annual dividend with an expected future payout ratio of 93.4%.
Pembina Pipeline (NYSE PBA) traded down $0.12 during midday trading on Wednesday, reaching $34.95. The company had a trading volume of 493,506 shares, compared to its average volume of 373,573. Pembina Pipeline has a 1 year low of $29.47 and a 1 year high of $36.29. The stock has a market capitalization of $17,500.89, a P/E ratio of 35.18 and a beta of 0.74. The company has a debt-to-equity ratio of 0.75, a current ratio of 0.78 and a quick ratio of 0.60.
Several equities analysts recently weighed in on the company. Macquarie downgraded Pembina Pipeline from an “outperform” rating to a “neutral” rating in a research report on Wednesday, November 29th. Zacks Investment Research lowered Pembina Pipeline from a “hold” rating to a “sell” rating in a research note on Wednesday, November 29th. Finally, BidaskClub lowered Pembina Pipeline from a “sell” rating to a “strong sell” rating in a research note on Monday, August 14th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $41.50.
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Pembina Pipeline Company Profile
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.
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