Inter Pipeline Ltd (IPL) to Issue Monthly Dividend of C$0.13 on November 15th
Inter Pipeline Ltd (TSE:IPL) announced a monthly dividend on Wednesday, October 19th. Stockholders of record on Tuesday, November 15th will be paid 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 is Wednesday, October 19th.
Shares of Inter Pipeline (TSE:IPL) opened at 28.12 on Friday. Inter Pipeline has a one year low of $18.43 and a one year high of $28.79. The company has a market capitalization of $9.48 billion and a price-to-earnings ratio of 20.69. The stock has a 50 day moving average of $27.87 and a 200-day moving average of $27.12.
A number of research firms have commented on IPL. Scotiabank raised their target price 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. BMO Capital Markets raised their target price 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. TD Securities cut shares of Inter Pipeline from a “buy” rating to a “hold” rating and raised their target price for the stock from C$26.00 to C$27.00 in a research note on Friday, August 5th. CIBC raised their target price on shares of Inter Pipeline from C$29.00 to C$30.00 in a research note on Thursday, August 18th. Finally, Raymond James Financial Inc. raised their target price on shares of Inter Pipeline from C$27.50 to C$29.00 in a research note on Wednesday. Seven research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Inter Pipeline has an average rating of “Hold” and a consensus target price 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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