Pembina Pipeline Corp. (NYSE:PBA) to Issue Quarterly Dividend of C$0.71

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) declared a quarterly dividend on Thursday, February 26th. Stockholders of record on Monday, March 16th will be given a dividend of 0.71 per share by the pipeline company on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 6.4%. The ex-dividend date of this dividend is Monday, March 16th.

Pembina Pipeline has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 4 years. Pembina Pipeline has a payout ratio of 89.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities 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 $2.03 annual dividend with an expected future payout ratio of 91.0%.

Pembina Pipeline Stock Up 0.9%

NYSE PBA traded up $0.38 during trading on Friday, hitting $44.38. The stock had a trading volume of 1,068,404 shares, compared to its average volume of 1,524,512. Pembina Pipeline has a 12 month low of $34.13 and a 12 month high of $44.60. The company’s 50-day moving average price is $40.36 and its two-hundred day moving average price is $39.12. The company has a market capitalization of $25.79 billion, a PE ratio of 22.14 and a beta of 0.68. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.41 and a current ratio of 0.53.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last released its quarterly earnings data on Thursday, February 26th. The pipeline company reported $0.56 EPS for the quarter, beating the consensus estimate of $0.50 by $0.06. Pembina Pipeline had a return on equity of 11.59% and a net margin of 22.17%.The company had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.41 billion. During the same quarter in the prior year, the firm posted $0.92 EPS. The firm’s revenue for the quarter was down 10.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Pembina Pipeline will post 2.15 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on PBA. BMO Capital Markets restated a “market perform” rating on shares of Pembina Pipeline in a research report on Friday. Weiss Ratings reiterated a “hold (c)” rating on shares of Pembina Pipeline in a report on Monday, December 29th. Zacks Research raised shares of Pembina Pipeline from a “strong sell” rating to a “hold” rating in a research note on Friday, January 23rd. Finally, TD Securities cut Pembina Pipeline from a “buy” rating to a “hold” rating in a report on Tuesday, February 17th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Pembina Pipeline presently has an average rating of “Hold” and a consensus price target of $60.00.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.