Plains GP Holdings, L.P. (PAGP) to Distribute Dividend of $0.42 on November 13th

Plains GP Holdings, L.P. (NYSE:PAGP) declared a dividend on Thursday, October 1st. Stockholders of record on Friday, October 30th will be paid a dividend of $0.4175 per share by the pipeline company on Friday, November 13th. The ex-dividend date is Friday, October 30th.

Plains GP has raised its dividend by an average of 0.1%per year over the last three years. Plains GP has a payout ratio of 105.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Plains GP to earn $1.87 per share next year, which means the company should continue to be able to cover its $1.67 annual dividend with an expected future payout ratio of 89.3%.

Plains GP Trading Up 0.5%

NYSE PAGP opened at $26.06 on Friday. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.49. The stock has a market capitalization of $5.16 billion, a P/E ratio of 49.17 and a beta of 0.48. Plains GP has a 52-week low of $16.68 and a 52-week high of $28.70. The firm has a 50-day moving average price of $26.80 and a 200 day moving average price of $25.13.

About Plains GP

Plains GP Holdings, L.P. is a publicly traded holding company that owns interests in Plains All American Pipeline, L.P. Its business exposure is primarily derived from Plains All American, which operates energy infrastructure used to transport, store, gather and handle crude oil and natural gas liquids.

Through its ownership interests in Plains All American and its general partner structure, Plains GP Holdings provides investors with an indirect interest in the operations of one of North America’s major midstream energy companies.