Inter Pipeline Ltd (IPL) to Issue Monthly Dividend of $0.14 on August 15th

Share on StockTwits

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.

IPL has been the topic of several research analyst reports. BMO Capital Markets lifted their price target on Sun Life Financial from C$58.00 to C$60.00 in a research report on Friday, May 10th. Raymond James reissued a “sell” rating on shares of Inter Pipeline in a report on Tuesday, May 14th. Finally, National Bank Financial boosted their target price on Yamana Gold from C$3.75 to C$4.00 and gave the company a “sector perform” rating in a report on Friday, May 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Inter Pipeline currently has a consensus rating of “Hold” and a consensus target price of C$25.11.

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.

Recommended Story: How to interpret Moving Average Convergence Divergence (MACD)

Dividend History for Inter Pipeline (TSE:IPL)

Receive News & Ratings for Inter Pipeline Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Pipeline and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Yu Darvish Receives Cortisone Shot for Elbow Impingement
Yu Darvish Receives Cortisone Shot for Elbow Impingement
Red Sox and Brandon Phillips Agree to Minor League Deal
Red Sox and Brandon Phillips Agree to Minor League Deal
Chris Sale Proves He is 2018 AL Cy Young Candidate
Chris Sale Proves He is 2018 AL Cy Young Candidate
Strong Results by Clint Frazier Could Keep Him with Yankees
Strong Results by Clint Frazier Could Keep Him with Yankees
Giants Closer Breaks Hand Punching Door Following Poor Outing
Giants Closer Breaks Hand Punching Door Following Poor Outing
Evan Longoria Out Six to Eight Weeks With Broken Hand
Evan Longoria Out Six to Eight Weeks With Broken Hand


 
© 2006-2019 BBNS.