Pembina Pipeline Corp. (PBA) to Issue Quarterly Dividend of C$0.74 on June 30th

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) declared a quarterly dividend on Thursday, May 7th. Stockholders of record on Monday, June 15th will be paid a dividend of 0.735 per share by the pipeline company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.4%. The ex-dividend date is Monday, June 15th. This is a 3.5% increase from Pembina Pipeline’s previous quarterly dividend of $0.71.

Pembina Pipeline has increased its dividend by an average of 0.0%annually 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 91.6% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Pembina Pipeline to earn $2.32 per share next year, which means the company should continue to be able to cover its $2.08 annual dividend with an expected future payout ratio of 89.7%.

Pembina Pipeline Trading Up 1.7%

Shares of NYSE PBA opened at $45.72 on Friday. The company’s fifty day moving average is $44.38 and its 200-day moving average is $41.07. The stock has a market cap of $26.58 billion, a price-to-earnings ratio of 23.81 and a beta of 0.58. Pembina Pipeline has a twelve month low of $35.45 and a twelve month high of $46.73. The company has a quick ratio of 0.47, a current ratio of 0.61 and a debt-to-equity ratio of 0.80.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings results on Thursday, May 7th. The pipeline company reported $0.59 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.07. The company had revenue of $1.11 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Pembina Pipeline had a net margin of 22.22% and a return on equity of 11.52%. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same period last year, the firm posted $0.80 earnings per share. Equities research analysts predict that Pembina Pipeline will post 2.18 EPS for the current year.

Pembina Pipeline Company Profile

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.