Pembina Pipeline Co. (PBA) To Go Ex-Dividend on March 17th

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) declared a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.4783 per share by the pipeline company on Monday, March 31st. This represents a $1.91 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date is Monday, March 17th.

Pembina Pipeline has increased its dividend by an average of 2.8% per year over the last three years. Pembina Pipeline has a dividend payout ratio of 83.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Pembina Pipeline to earn $2.23 per share next year, which means the company should continue to be able to cover its $1.91 annual dividend with an expected future payout ratio of 85.7%.

Pembina Pipeline Stock Up 1.3 %

Shares of NYSE PBA opened at $39.00 on Friday. The company has a 50 day simple moving average of $37.00 and a 200-day simple moving average of $39.34. The company has a market capitalization of $22.64 billion, a P/E ratio of 16.12 and a beta of 1.26. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.65 and a quick ratio of 0.51. Pembina Pipeline has a 1 year low of $33.83 and a 1 year high of $43.44.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on PBA shares. Barclays started coverage on shares of Pembina Pipeline in a report on Thursday, December 12th. They set an “overweight” rating for the company. Wells Fargo & Company downgraded shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a report on Wednesday, December 18th. TD Securities started coverage on shares of Pembina Pipeline in a report on Wednesday, January 15th. They set a “buy” rating for the company. Finally, Citigroup upgraded shares of Pembina Pipeline from a “neutral” rating to a “buy” rating in a report on Monday, March 10th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, Pembina Pipeline presently has an average rating of “Moderate Buy” and an average target price of $56.50.

Pembina Pipeline Company Profile

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.