Pembina Pipeline Corp. (NYSE:PBA) Stock to Pay Quarterly Dividend of C$0.73

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) declared a quarterly dividend on Thursday, November 5th. Investors of record on Tuesday, December 15th will be given a dividend of C$0.73 per share by the pipeline company on Thursday, December 31st. This represents a $2.94 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Tuesday, December 15th.

Pembina Pipeline has a payout ratio of 93.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Pembina Pipeline to earn $2.24 per share next year, which means the company should continue to be able to cover its $2.12 annual dividend with an expected future payout ratio of 94.6%.

Pembina Pipeline Trading Down 2.2%

Shares of PBA opened at $47.64 on Friday. The stock has a market capitalization of $27.70 billion, a PE ratio of 25.12 and a beta of 0.59. The company’s fifty day moving average is $48.02 and its 200 day moving average is $46.55. The company has a debt-to-equity ratio of 0.78, a quick ratio of 0.50 and a current ratio of 0.62. Pembina Pipeline has a fifty-two week low of $36.20 and a fifty-two week high of $51.58.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, November 5th. The pipeline company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.48 by $0.07. Pembina Pipeline had a net margin of 22.41% and a return on equity of 11.41%. The business had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.41 billion. During the same quarter last year, the business earned $0.43 earnings per share. Pembina Pipeline’s quarterly revenue was up 21.7% compared to the same quarter last year. Sell-side analysts expect that Pembina Pipeline will post 2.19 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. TD Securities restated a “buy” rating on shares of Pembina Pipeline in a research report on Friday, October 16th. BMO Capital Markets reiterated a “market perform” rating on shares of Pembina Pipeline in a research report on Friday, July 31st. Wall Street Zen raised Pembina Pipeline from a “sell” rating to a “hold” rating in a research note on Saturday, July 25th. Raymond James Financial restated an “outperform” rating on shares of Pembina Pipeline in a research report on Wednesday, October 14th. Finally, Scotiabank lowered Pembina Pipeline from a “sector outperform” rating to a “sector perform” rating in a research note on Monday, July 20th. Five analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $64.00.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation is a Canadian energy infrastructure company headquartered in Calgary, Alberta. Founded in 1954, the company owns and operates pipelines and related facilities that transport and process hydrocarbon products, primarily in Western Canada.

Pembina’s operations include conventional and oil sands pipelines, natural gas gathering and processing facilities, fractionation and storage assets, and infrastructure for moving natural gas liquids such as propane, butane and ethane.