Pembina Pipeline Corp. (PBA) to Issue Quarterly Dividend of C$0.73 on September 29th

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) declared a quarterly dividend on Thursday, July 30th. Investors of record on Tuesday, September 15th will be given a dividend of 0.735 per share by the pipeline company on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date is Tuesday, September 15th.

Pembina Pipeline has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Pembina Pipeline has a dividend payout ratio of 93.8% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Pembina Pipeline to earn $2.30 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 92.6%.

Pembina Pipeline Price Performance

Shares of NYSE:PBA opened at $48.92 on Friday. The firm has a market capitalization of $28.45 billion, a price-to-earnings ratio of 23.98 and a beta of 0.57. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.83 and a quick ratio of 0.68. Pembina Pipeline has a one year low of $35.45 and a one year high of $51.58. The company’s fifty day moving average price is $48.38 and its 200-day moving average price is $45.44.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings results on Thursday, July 30th. The pipeline company reported $0.48 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Pembina Pipeline had a net margin of 22.41% and a return on equity of 11.45%. The company’s revenue for the quarter was up 20.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 EPS. On average, equities research analysts anticipate that Pembina Pipeline will post 2.2 earnings per share for the current fiscal year.

About Pembina Pipeline

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.