Pembina Pipeline Corp. (PBA) To Go Ex-Dividend on December 15th

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) declared a quarterly dividend on Thursday, November 6th. Investors of record on Monday, December 15th will be given a dividend of 0.71 per share by the pipeline company on Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 7.7%. The ex-dividend date is Monday, December 15th.

Pembina Pipeline has increased its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 4 years. Pembina Pipeline has a payout ratio of 90.7% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. 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 $2.06 annual dividend with an expected future payout ratio of 92.4%.

Pembina Pipeline Stock Performance

Shares of NYSE:PBA opened at $37.12 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 0.77 and a quick ratio of 0.62. Pembina Pipeline has a 1 year low of $34.13 and a 1 year high of $43.44. The firm has a market capitalization of $21.57 billion, a PE ratio of 17.43 and a beta of 0.75. The business’s 50 day moving average price is $38.88 and its 200-day moving average price is $37.93.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last posted its quarterly earnings results on Thursday, November 6th. The pipeline company reported $0.31 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.14). The business had revenue of $911.47 million during the quarter, compared to analysts’ expectations of $1.42 billion. Pembina Pipeline had a return on equity of 12.27% and a net margin of 23.24%.The business’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.60 earnings per share. As a group, equities research analysts expect that Pembina Pipeline will post 2.15 earnings per share for the current fiscal year.

About Pembina Pipeline

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.