Inter Pipeline Ltd (IPL) Announces Monthly Dividend of C$0.14
Inter Pipeline Ltd (TSE:IPL) announced a monthly dividend on Friday, November 18th. Shareholders of record on Thursday, December 15th will be given a dividend of 0.135 per share on Thursday, December 15th. This represents a $1.62 dividend on an annualized basis and a yield of 6.12%. The ex-dividend date is Friday, November 18th. This is a positive change from Inter Pipeline’s previous monthly dividend of $0.13.
Shares of Inter Pipeline (TSE:IPL) opened at 26.48 on Friday. The firm’s 50-day moving average price is $27.67 and its 200-day moving average price is $27.32. Inter Pipeline has a 52-week low of $18.43 and a 52-week high of $28.89. The firm has a market capitalization of $8.92 billion and a PE ratio of 19.48.
Several research analysts have commented on IPL shares. National Bank Financial set a C$29.00 price objective on Inter Pipeline and gave the company a “sector perform” rating in a research report on Friday, August 19th. Raymond James Financial Inc. raised their price objective on Inter Pipeline from C$27.50 to C$29.00 in a research report on Wednesday, October 12th. BMO Capital Markets reissued a “market perform” rating and issued a C$28.00 price objective on shares of Inter Pipeline in a research report on Thursday, August 18th. TD Securities lowered Inter Pipeline from a “buy” rating to a “hold” rating and raised their price objective for the company from C$26.00 to C$27.00 in a research report on Friday, August 5th. Finally, Royal Bank Of Canada raised their price objective on Inter Pipeline from C$28.00 to C$30.00 in a research report on Monday, August 8th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Inter Pipeline has a consensus rating of “Hold” and a consensus price target of C$29.22.
About Inter Pipeline
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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