Pembina Pipeline Co. (PBA) to Issue Quarterly Dividend of $0.50 on September 27th

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) declared a quarterly dividend on Thursday, August 8th, Zacks reports. Investors of record on Monday, September 16th will be paid a dividend of 0.50 per share by the pipeline company on Friday, September 27th. This represents a $2.00 dividend on an annualized basis and a yield of 4.84%. The ex-dividend date is Monday, September 16th.

Pembina Pipeline has raised its dividend payment by an average of 1.8% annually over the last three years. Pembina Pipeline has a dividend payout ratio of 84.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect Pembina Pipeline to earn $2.44 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 83.2%.

Pembina Pipeline Stock Up 1.2 %

PBA stock opened at $41.28 on Friday. The company has a 50 day moving average of $38.87 and a two-hundred day moving average of $36.97. The company has a market cap of $23.95 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 5.65 and a beta of 1.25. Pembina Pipeline has a 12-month low of $28.15 and a 12-month high of $41.40. The company has a quick ratio of 0.55, a current ratio of 0.68 and a debt-to-equity ratio of 0.77.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.21. Pembina Pipeline had a return on equity of 13.68% and a net margin of 23.50%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period last year, the company earned $0.45 earnings per share. Pembina Pipeline’s quarterly revenue was up 30.5% compared to the same quarter last year. On average, equities analysts anticipate that Pembina Pipeline will post 2.38 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages recently commented on PBA. UBS Group initiated coverage on Pembina Pipeline in a research note on Wednesday. They issued a “neutral” rating for the company. Scotiabank downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Sunday, May 19th. Finally, Citigroup raised their price target on shares of Pembina Pipeline from $53.00 to $56.00 and gave the company a “neutral” rating in a report on Wednesday, August 28th. Four analysts have rated the stock with a hold rating, According to MarketBeat.com, Pembina Pipeline presently has an average rating of “Hold” and a consensus price target of $56.50.

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.