#5 - Pembina Pipeline Corporation (NYSE:PBA)
Pembina Pipeline Corporation (NYSE: PBA) - Current dividend yield: 4.70% - Pembina Pipeline Corporation is a behemoth in the North American energy market with a market capitalization of over $25 billion. In 2017, it completed the largest acquisition in its history by making a $7.1 billion purchase of its rival Veresen. Since 2010, the company has increased its daily production volume by 169% and increased its cash dividends by 50% while still maintaining a manageable payout ratio between 55-60%. However, when looking at dividend stocks like PBA, it’s fair to ask about the future. For Pembina, that future looks exceptionally bright with a number of projects slated to be game changers for the company and the stock. One of the most prominent of these is the decision to move forward with the construction of an integrated petrochemical facility in Canada. When constructed, this facility will convert propane into polypropylene – a move that will position Pembina further downstream in the oil and gas value chain. The stock is up nearly 17% in 2019.
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.
Read More - Current Price
- $42.93
- Consensus Rating
- Hold
- Ratings Breakdown
- 1 Buy Ratings, 3 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- $56.50 (31.6% Upside)
