Plains All American Pipeline Lp (PAA) to Issue Quarterly Dividend of $0.42 on August 14th

Plains All American Pipeline Lp (NASDAQ:PAA) announced a quarterly dividend on Monday, July 6th. Investors of record on Friday, July 31st will be paid a dividend of 0.4175 per share on Friday, August 14th. This represents a c) annualized dividend and a dividend yield of 6.8%. The ex-dividend date of this dividend is Friday, July 31st.

Plains All American Pipeline has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 5 years. Plains All American Pipeline has a payout ratio of 110.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Plains All American Pipeline to earn $1.62 per share next year, which means the company may not be able to cover its $1.67 annual dividend with an expected future payout ratio of 103.1%.

Plains All American Pipeline Stock Up 0.6%

PAA stock opened at $24.43 on Wednesday. The company has a market cap of $17.24 billion, a P/E ratio of 18.65, a P/E/G ratio of 9.64 and a beta of 0.50. Plains All American Pipeline has a 52 week low of $15.69 and a 52 week high of $24.87. The company’s 50-day moving average price is $22.91 and its 200 day moving average price is $21.68. The company has a current ratio of 0.94, a quick ratio of 0.88 and a debt-to-equity ratio of 1.02.

Plains All American Pipeline (NASDAQ:PAA) last issued its earnings results on Friday, May 8th. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.02). Plains All American Pipeline had a net margin of 2.53% and a return on equity of 12.17%. The company had revenue of $12.47 billion during the quarter. During the same period in the previous year, the business posted $0.39 earnings per share. The company’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, research analysts expect that Plains All American Pipeline will post 1.55 earnings per share for the current fiscal year.

About Plains All American Pipeline

Plains All American Pipeline (NASDAQ: PAA) is a publicly traded energy infrastructure company that provides midstream services for crude oil and natural gas liquids (NGLs). The company’s core activities include gathering, transporting, storing and marketing hydrocarbons, using an integrated network of pipelines, storage terminals, rail and truck transloading facilities. Plains also offers logistics and marketing services that connect upstream producers with refiners, traders and export markets.

Plains owns and operates a portfolio of pipeline and terminal assets concentrated in major U.S.