Pembina Pipeline Co. Declares Quarterly Dividend of $0.48 (NYSE:PBA)

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) announced a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be given a dividend of 0.4783 per share by the pipeline company on Monday, March 31st. This represents a $1.91 dividend on an annualized basis and a dividend yield of 4.92%. The ex-dividend date is Monday, March 17th.

Pembina Pipeline has increased its dividend by an average of 2.8% per year over the last three years. Pembina Pipeline has a dividend payout ratio of 85.3% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Pembina Pipeline to earn $2.23 per share next year, which means the company should continue to be able to cover its $1.92 annual dividend with an expected future payout ratio of 86.1%.

Pembina Pipeline Price Performance

Pembina Pipeline stock opened at $38.86 on Friday. The company’s 50 day simple moving average is $36.70 and its 200-day simple moving average is $39.39. The company has a market capitalization of $22.56 billion, a price-to-earnings ratio of 16.06 and a beta of 1.25. Pembina Pipeline has a 1 year low of $33.83 and a 1 year high of $43.44. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.65.

Wall Street Analyst Weigh In

PBA has been the topic of a number of research analyst reports. Barclays initiated coverage on shares of Pembina Pipeline in a research note on Thursday, December 12th. They issued an “overweight” rating on the stock. TD Securities initiated coverage on shares of Pembina Pipeline in a research note on Wednesday, January 15th. They issued a “buy” rating on the stock. Finally, Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 18th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock 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.