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

Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) announced a quarterly dividend on Friday, February 28th, Wall Street Journal reports. Stockholders 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 dividend yield of 4.92%. The ex-dividend date of this dividend is Monday, March 17th.

Pembina Pipeline has increased 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% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. 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 Performance

PBA opened at $38.86 on Friday. The firm has a market capitalization of $22.56 billion, a PE ratio of 16.06 and a beta of 1.25. Pembina Pipeline has a twelve month low of $33.83 and a twelve month high of $43.44. The firm’s 50-day moving average price is $36.70 and its 200 day moving average price is $39.39. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on PBA. TD Securities began coverage on shares of Pembina Pipeline in a research report on Wednesday, January 15th. They set a “buy” rating on the stock. Wells Fargo & Company lowered shares of Pembina Pipeline from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, December 18th. Finally, Barclays began coverage on shares of Pembina Pipeline in a research report on Thursday, December 12th. They set an “overweight” rating on the stock. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus 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.