Pembina Pipeline Corp Plans Monthly Dividend of $0.20 (TSE:PPL)

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Pembina Pipeline Corp (TSE:PPL) (NYSE:PBA) declared a monthly dividend on Wednesday, July 10th, Zacks reports. Investors of record on Thursday, July 25th will be paid a dividend of 0.20 per share on Thursday, August 15th. This represents a $2.40 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Wednesday, July 24th.

Shares of TSE:PPL opened at C$50.06 on Tuesday. The company has a market cap of $25.36 billion and a P/E ratio of 22.42. The company has a debt-to-equity ratio of 55.61, a quick ratio of 0.50 and a current ratio of 0.60. The company has a 50 day moving average of C$48.90. Pembina Pipeline has a one year low of C$39.15 and a one year high of C$50.65.

Pembina Pipeline (TSE:PPL) (NYSE:PBA) last issued its quarterly earnings data on Thursday, May 2nd. The company reported C$0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.59 by C($0.04). The company had revenue of C$1.97 billion for the quarter, compared to analyst estimates of C$2.09 billion. As a group, equities analysts predict that Pembina Pipeline will post 2.6300001 earnings per share for the current fiscal year.

Several equities analysts have issued reports on PPL shares. CSFB upped their price target on shares of Pembina Pipeline from C$54.00 to C$58.00 in a research report on Thursday, April 25th. CIBC upped their price target on shares of Winpak from C$47.00 to C$48.00 in a research report on Wednesday, April 24th. Finally, Raymond James restated a “buy” rating and issued a $0.65 price target on shares of DB Commodity Double Short ETN in a research report on Wednesday, May 15th. Five analysts have rated the stock with a buy rating, The stock has a consensus rating of “Buy” and an average price target of C$56.27.

About Pembina Pipeline

Pembina Pipeline Corporation provides transportation and midstream services for the energy industry in North America. It operates through three divisions: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines division operates conventional, transmission, and oil sands and heavy oil pipeline assets with a total capacity of 3 million barrels of oil serving markets and basins across North America through conventional, transmission, and oil sand pipelines assets.

Read More: Outperform Rating

Dividend History for Pembina Pipeline (TSE:PPL)

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