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.

Dividend History for Pembina Pipeline Corp (TSE:PPL)

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