Inter Pipeline Ltd (IPL) to Issue Monthly Dividend of $0.14

Inter Pipeline Ltd (TSE:IPL) declared a monthly dividend on Monday, April 22nd, TickerTech reports. Shareholders of record on Wednesday, May 15th will be paid a dividend of 0.1425 per share on Wednesday, May 15th. This represents a $1.71 dividend on an annualized basis and a yield of 7.67%. The ex-dividend date of this dividend is Monday, April 22nd.

Shares of Inter Pipeline stock opened at C$22.29 on Wednesday. The company has a current ratio of 0.18, a quick ratio of 0.16 and a debt-to-equity ratio of 142.72. The firm has a market cap of $8.86 billion and a price-to-earnings ratio of 14.61. Inter Pipeline has a 12-month low of C$18.60 and a 12-month high of C$25.66.

Inter Pipeline (TSE:IPL) last issued its quarterly earnings data on Thursday, February 14th. The company reported C$0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.38 by C($0.02). The business had revenue of C$630.90 million for the quarter, compared to analyst estimates of C$685.00 million. On average, analysts forecast that Inter Pipeline will post 1.30058084672518 earnings per share for the current year.

A number of research analysts have issued reports on the stock. National Bank Financial reduced their price objective on shares of Inter Pipeline from C$29.00 to C$28.00 in a research report on Tuesday, February 19th. BMO Capital Markets dropped their target price on shares of Inter Pipeline from C$26.00 to C$24.00 in a report on Friday, February 15th. CIBC dropped their target price on shares of Inter Pipeline from C$29.00 to C$26.00 in a report on Tuesday, February 19th. Raymond James dropped their target price on shares of Inter Pipeline from C$23.00 to C$20.00 and set an “underperform” rating on the stock in a report on Wednesday, February 20th. Finally, Cormark dropped their target price on shares of Inter Pipeline from C$30.00 to C$27.00 in a report on Tuesday, February 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of C$25.33.

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Inter Pipeline Company Profile

Inter Pipeline Ltd. engages in the petroleum transportation and storage, and natural gas liquids processing businesses in Canada and Europe. The company operates through four segments: Oil Sands Transportation; Conventional Oil Pipelines; Natural Gas Liquids (NGL) Processing; and Bulk Liquid Storage.

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Dividend History for Inter Pipeline (TSE:IPL)

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