Pembina Pipeline Co. (NYSE:PBA) Announces Quarterly Dividend of $0.48

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) announced a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.4783 per share by the pipeline company on Monday, March 31st. This represents a $1.91 annualized dividend and a dividend yield of 4.92%. The ex-dividend date of this dividend is Monday, March 17th.

Pembina Pipeline has increased its dividend by an average of 2.8% annually over the last three years. Pembina Pipeline has a dividend payout ratio of 85.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Research analysts expect Pembina Pipeline to earn $2.23 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 86.1%.

Pembina Pipeline Price Performance

NYSE PBA traded up $2.51 during trading hours on Friday, reaching $38.86. The company’s stock had a trading volume of 2,931,492 shares, compared to its average volume of 1,540,345. The firm has a market capitalization of $22.56 billion, a price-to-earnings ratio of 16.06 and a beta of 1.25. The company’s 50-day moving average is $36.65 and its two-hundred day moving average is $39.37. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. Pembina Pipeline has a 1-year low of $33.83 and a 1-year high of $43.44.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. TD Securities started coverage on Pembina Pipeline in a research report on Wednesday, January 15th. They set a “buy” rating on the stock. Barclays assumed coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They set an “overweight” rating for the company. Finally, Wells Fargo & Company lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $56.50.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.