Inter Pipeline Ltd (TSE:IPL) declared a monthly dividend on Wednesday, October 19th. Shareholders of record on Tuesday, November 15th will be given a dividend of 0.13 per share on Tuesday, November 15th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.55%. The ex-dividend date of this dividend is Wednesday, October 19th.

Inter Pipeline (TSE:IPL) opened at 28.12 on Friday. The stock has a market cap of $9.48 billion and a PE ratio of 20.69. The firm has a 50 day moving average of $27.87 and a 200-day moving average of $27.12. Inter Pipeline has a 52-week low of $18.43 and a 52-week high of $28.79.

Dividend History for Inter Pipeline (TSE:IPL)

A number of brokerages have recently issued reports on IPL. National Bank Financial cut shares of Inter Pipeline from an “outperform” rating to a “sector perform” rating and increased their price objective for the stock from C$28.00 to C$29.00 in a research note on Monday, July 18th. BMO Capital Markets increased their price objective on shares of Inter Pipeline from C$26.00 to C$27.00 and gave the stock a “market perform” rating in a research note on Friday, August 5th. Scotiabank increased their price objective on shares of Inter Pipeline from C$27.00 to C$29.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 18th. CIBC increased their price objective on shares of Inter Pipeline from C$29.00 to C$30.00 in a research note on Thursday, August 18th. Finally, TD Securities increased their price objective on shares of Inter Pipeline from C$27.00 to C$30.00 and gave the stock a “buy” rating in a research note on Thursday, August 18th. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Inter Pipeline currently has a consensus rating of “Hold” and an average price target of C$29.15.

Inter Pipeline Company Profile

Inter Pipeline Ltd. (Inter Pipeline) owns and operates energy infrastructure assets located in western Canada and Europe. Inter Pipeline operates in four segments: oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) extraction business and the bulk liquid storage business.

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