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

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) announced a quarterly dividend on Thursday, November 6th. Stockholders of record on Monday, December 15th will be paid a dividend of 0.71 per share by the pipeline company on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Monday, December 15th.

Pembina Pipeline has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Pembina Pipeline has a dividend payout ratio of 89.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect Pembina Pipeline to earn $2.23 per share next year, which means the company should continue to be able to cover its $2.03 annual dividend with an expected future payout ratio of 91.0%.

Pembina Pipeline Stock Up 0.4%

Shares of NYSE:PBA traded up $0.15 during trading on Friday, reaching $39.31. 1,279,672 shares of the stock were exchanged, compared to its average volume of 1,323,957. Pembina Pipeline has a 1-year low of $34.13 and a 1-year high of $42.40. The stock has a fifty day moving average of $38.54 and a two-hundred day moving average of $38.03. The company has a debt-to-equity ratio of 0.77, a current ratio of 0.53 and a quick ratio of 0.41. The firm has a market cap of $22.84 billion, a price-to-earnings ratio of 19.65 and a beta of 0.63.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Thursday, November 6th. The pipeline company reported $0.31 EPS for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.14). Pembina Pipeline had a net margin of 22.17% and a return on equity of 11.59%. The business had revenue of $911.47 million for the quarter, compared to the consensus estimate of $1.42 billion. During the same quarter last year, the firm posted $0.60 EPS. The business’s revenue for the quarter was down 2.9% compared to the same quarter last year. Research analysts anticipate that Pembina Pipeline will post 2.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Pembina Pipeline in a research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.