Inter Pipeline Ltd (TSE:IPL) announced a monthly dividend on Friday, July 19th, TickerTech reports. Investors of record on Thursday, August 15th will be given a dividend of 0.1425 per share on Thursday, August 15th. This represents a $1.71 annualized dividend and a yield of 7.58%. The ex-dividend date is Friday, July 19th.
IPL stock opened at C$22.56 on Wednesday. The stock’s 50 day simple moving average is C$20.81. The stock has a market capitalization of $9.21 billion and a PE ratio of 16.23. Inter Pipeline has a fifty-two week low of C$18.60 and a fifty-two week high of C$25.35. The company has a debt-to-equity ratio of 153.85, a quick ratio of 0.15 and a current ratio of 0.18.
Inter Pipeline (TSE:IPL) last posted its earnings results on Thursday, May 9th. The company reported C$0.24 earnings per share for the quarter, missing the consensus estimate of C$0.31 by C($0.07). The company had revenue of C$658.90 million during the quarter, compared to analysts’ expectations of C$629.00 million. Research analysts predict that Inter Pipeline will post 1.25 EPS for the current fiscal year.
In related news, Senior Officer Jeremy Allan Roberge bought 3,600 shares of the company’s stock in a transaction dated Tuesday, May 14th. The shares were acquired at an average price of C$20.82 per share, with a total value of C$74,952.00. Following the completion of the acquisition, the insider now owns 16,700 shares in the company, valued at approximately C$347,694.
About Inter Pipeline
Inter Pipeline Ltd. engages in the petroleum transportation and storage, and natural gas liquids processing businesses in Canada and Europe. The company operates through four segments: Oil Sands Transportation; Conventional Oil Pipelines; Natural Gas Liquids (NGL) Processing; and Bulk Liquid Storage.
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