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

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) declared a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Stockholders of record on Monday, March 17th will be paid 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% annually over the last three years. Pembina Pipeline has a payout ratio of 85.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. 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 Trading Up 6.9 %

Shares of Pembina Pipeline stock opened at $38.86 on Friday. The company has a market cap 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’s fifty day simple moving average is $36.70 and its 200-day simple moving average is $39.38. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

Analyst Upgrades and Downgrades

PBA has been the topic of several research reports. Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. Barclays initiated coverage on Pembina Pipeline in a research note on Thursday, December 12th. They set an “overweight” rating on the stock. Finally, TD Securities assumed coverage on Pembina Pipeline in a research report on Wednesday, January 15th. They issued a “buy” rating for the company. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.