Plains GP Holdings, L.P. (PAGP) to Issue Quarterly Dividend of $0.42 on August 14th

Plains GP Holdings, L.P. (NYSE:PAGP) announced a quarterly dividend on Monday, July 6th. Shareholders of record on Friday, July 31st will be given a dividend of 0.4175 per share by the pipeline company on Friday, August 14th. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date is Friday, July 31st.

Plains GP has raised its dividend by an average of 0.1%per year over the last three years. Plains GP has a dividend payout ratio of 105.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Stock Performance

Shares of PAGP stock opened at $26.27 on Wednesday. The company has a current ratio of 1.01, a quick ratio of 0.92 and a debt-to-equity ratio of 0.49. The firm has a fifty day simple moving average of $24.77 and a two-hundred day simple moving average of $23.35. Plains GP has a 12 month low of $16.68 and a 12 month high of $26.65. The firm has a market capitalization of $5.20 billion, a PE ratio of 49.57 and a beta of 0.45.

Plains GP Company Profile

Plains GP Holdings, L.P. (NYSE: PAGP) serves as the general partner of Plains All American Pipeline, L.P., one of North America’s leading energy infrastructure companies. Through its ownership of a 2% general partner interest and incentive distribution rights (IDRs), Plains GP Holdings participates in the governance and cash distribution structure of a diversified portfolio of crude oil and natural gas liquids gathering, transportation, storage, and terminaling assets.

The company’s primary business activities include overseeing the strategic direction and capital allocation decisions for its affiliated midstream operations.