Pembina Pipeline Corp. (PBA) To Go Ex-Dividend on June 15th

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) declared a quarterly dividend on Thursday, May 7th. Stockholders of record on Monday, June 15th will be given a dividend of 0.735 per share by the pipeline company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date is Monday, June 15th. This is a 3.5% increase from Pembina Pipeline’s previous quarterly dividend of $0.71.

Pembina Pipeline has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 4 years. Pembina Pipeline has a dividend payout ratio of 93.8% meaning 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 $2.35 per share next year, which means the company should continue to be able to cover its $2.13 annual dividend with an expected future payout ratio of 90.6%.

Pembina Pipeline Trading Down 0.7%

NYSE PBA opened at $48.33 on Friday. Pembina Pipeline has a 1-year low of $35.45 and a 1-year high of $50.10. The company has a current ratio of 0.83, a quick ratio of 0.68 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $28.10 billion, a PE ratio of 25.17 and a beta of 0.57. The firm’s fifty day simple moving average is $46.27 and its 200-day simple moving average is $42.91.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings results on Thursday, May 7th. The pipeline company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. Pembina Pipeline had a net margin of 22.22% and a return on equity of 11.47%. The business had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the business posted $0.80 earnings per share. Pembina Pipeline’s revenue for the quarter was down 7.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that Pembina Pipeline will post 2.28 earnings per share for the current fiscal year.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.