Pembina Pipeline Corp Announces Monthly Dividend of $0.17 (TSE:PPL)
Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) announced a monthly dividend on Friday, July 21st, TickerTech reports. Shareholders of record on Tuesday, August 15th will be paid a dividend of 0.17 per share on Tuesday, August 15th. This represents a $2.04 annualized dividend and a yield of 4.75%. The ex-dividend date is Friday, July 21st.
Pembina Pipeline Corp (PPL) opened at 42.99 on Friday. The stock has a market capitalization of $17.24 billion and a price-to-earnings ratio of 33.82. Pembina Pipeline Corp has a 12 month low of $37.21 and a 12 month high of $44.65. The stock’s 50 day moving average is $43.46 and its 200-day moving average is $42.73.
In related news, Director Jeffrey T. Smith acquired 1,030 shares of Pembina Pipeline Corp stock in a transaction that occurred on Tuesday, May 9th. The stock was purchased at an average price of C$43.59 per share, for a total transaction of C$44,897.70. Also, Director Bruce D. Rubin acquired 5,000 shares of Pembina Pipeline Corp stock in a transaction that occurred on Monday, June 5th. The stock was bought at an average price of C$43.65 per share, with a total value of C$218,250.00. Insiders bought a total of 7,285 shares of company stock valued at $317,253 in the last 90 days.
PPL has been the topic of a number of recent analyst reports. Royal Bank Of Canada reissued an “outperform” rating on shares of Pembina Pipeline Corp in a research report on Tuesday, April 4th. BMO Capital Markets reaffirmed an “outperform” rating and issued a C$47.00 target price on shares of Pembina Pipeline Corp in a research report on Tuesday, April 4th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and issued a C$47.00 target price on shares of Pembina Pipeline Corp in a research report on Tuesday, April 4th. Scotiabank increased their target price on shares of Pembina Pipeline Corp from C$48.00 to C$49.00 and gave the company an “outperform” rating in a research report on Wednesday, April 5th. Finally, AltaCorp Capital downgraded shares of Pembina Pipeline Corp from an “outperform” rating to a “sector perform” rating in a research report on Wednesday, April 5th. Nine research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of C$48.56.
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Pembina Pipeline Corp 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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