Inter Pipeline Ltd (TSE:IPL) declared a monthly dividend on Wednesday, July 19th, TickerTech reports. Stockholders of record on Tuesday, August 15th will be paid a dividend of 0.135 per share on Tuesday, August 15th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 6.60%. The ex-dividend date is Wednesday, July 19th.
Shares of Inter Pipeline (IPL) traded down 1.92% during midday trading on Tuesday, reaching $24.56. The company’s stock had a trading volume of 835,923 shares. Inter Pipeline has a 12 month low of $24.31 and a 12 month high of $30.07. The company has a market cap of $9.13 billion and a price-to-earnings ratio of 17.48. The stock has a 50-day moving average of $25.03 and a 200 day moving average of $27.16.
In other Inter Pipeline news, insider Cory Wade Neufeld bought 2,300 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was acquired at an average price of C$25.61 per share, with a total value of C$58,903.00.
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Separately, CIBC cut their target price on shares of Inter Pipeline from C$32.00 to C$31.00 in a research report on Monday, July 24th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of C$30.89.
Inter Pipeline Company Profile
Inter Pipeline Ltd. engages in the petroleum transportation, natural gas liquids processing, and bulk liquid storage 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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