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

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 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 4.90%. The ex-dividend date is Monday, March 17th.

Pembina Pipeline has raised its dividend by an average of 2.8% per year over the last three years. Pembina Pipeline has a 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 fall. 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 $1.91 annual dividend with an expected future payout ratio of 85.7%.

Pembina Pipeline Price Performance

Pembina Pipeline stock opened at $39.00 on Friday. The stock has a market cap of $22.64 billion, a P/E ratio of 16.12 and a beta of 1.26. The company has a fifty day simple moving average of $37.00 and a 200-day simple moving average of $39.34. Pembina Pipeline has a 12-month low of $33.83 and a 12-month high of $43.44. The company has a current ratio of 0.65, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

Wall Street Analysts Forecast Growth

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