Pembina Pipeline Co. to Issue Quarterly Dividend of $0.48 (NYSE:PBA)

Pembina Pipeline Co. (NYSE:PBA - Get Free Report) TSE: PPL announced a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Investors of record on Monday, March 17th will be paid a dividend of 0.4783 per share by the pipeline company on Monday, March 31st. This represents a $1.91 annualized dividend and a yield of 4.97%. The ex-dividend date is Monday, March 17th.

Pembina Pipeline has raised its dividend payment by an average of 2.8% annually over the last three years. Pembina Pipeline has a dividend payout ratio of 85.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company's earnings tumble. 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 $1.92 annual dividend with an expected future payout ratio of 86.1%.

Pembina Pipeline Stock Down 1.0 %

NYSE:PBA traded down $0.38 during trading hours on Monday, hitting $38.49. 1,788,830 shares of the company traded hands, compared to its average volume of 1,095,502. Pembina Pipeline has a one year low of $33.83 and a one year high of $43.44. The company has a quick ratio of 0.51, a current ratio of 0.65 and a debt-to-equity ratio of 0.79. The company has a market cap of $22.35 billion, a PE ratio of 15.90 and a beta of 1.25. The firm's 50-day simple moving average is $36.70 and its 200-day simple moving average is $39.40.

Analyst Ratings Changes

A number of brokerages have issued reports on PBA. TD Securities started coverage on shares of Pembina Pipeline in a research report on Wednesday, January 15th. They issued a "buy" rating for the company. Barclays began coverage on Pembina Pipeline in a report on Thursday, December 12th. They issued an "overweight" rating for the company. Finally, Wells Fargo & Company lowered Pembina Pipeline from a "strong-buy" rating to a "hold" rating in a report on Wednesday, December 18th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $56.50.

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.