Pembina Pipeline Corp (PPL) to Issue Monthly Dividend of C$0.16 on December 15th
Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) declared a monthly dividend on Tuesday, November 22nd. Investors of record on Thursday, December 15th will be given a dividend of 0.16 per share on Thursday, December 15th. This represents a $1.92 annualized dividend and a yield of 4.99%. The ex-dividend date is Tuesday, November 22nd.
Pembina Pipeline Corp (TSE:PPL) opened at 38.44 on Monday. Pembina Pipeline Corp has a 12-month low of $26.05 and a 12-month high of $41.98. The stock has a market cap of $15.18 billion and a price-to-earnings ratio of 36.86. The company has a 50-day moving average of $40.06 and a 200 day moving average of $39.22.
Several equities analysts have weighed in on the company. AltaCorp Capital raised Pembina Pipeline Corp from a “sector perform” rating to an “outperform” rating in a research note on Monday, November 7th. TD Securities lifted their target price on Pembina Pipeline Corp from C$44.00 to C$46.00 and gave the company a “buy” rating in a research note on Monday, November 7th. Scotiabank reaffirmed an “outperform” rating and set a C$44.00 target price on shares of Pembina Pipeline Corp in a research note on Friday, November 4th. CIBC lifted their target price on Pembina Pipeline Corp from C$46.00 to C$47.00 in a research note on Wednesday, October 19th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a C$47.00 target price on shares of Pembina Pipeline Corp in a research note on Thursday, October 13th. Four investment analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of C$43.92.
Pembina Pipeline Corp Company Profile
Pembina Pipeline Corporation (Pembina) is a transportation and midstream service provider. The Company operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. Pembina owns and operates an integrated system of pipelines that transport various hydrocarbon liquids, including conventional and synthetic crude oil, heavy oil and oil sands products, condensate (diluent) and natural gas liquids (NGL) produced in western Canada and ethane produced in North Dakota.
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