Pembina Pipeline Corp. (NYSE:PBA) Declares C$0.73 Quarterly Dividend

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) declared a quarterly dividend on Thursday, July 30th. Investors of record on Tuesday, September 15th will be paid a dividend of 0.735 per share by the pipeline company on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 5.8%. The ex-dividend date is Tuesday, September 15th.

Pembina Pipeline has increased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 4 years. Pembina Pipeline has a payout ratio of 93.8% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Analysts expect Pembina Pipeline to earn $2.30 per share next year, which means the company should continue to be able to cover its $2.13 annual dividend with an expected future payout ratio of 92.6%.

Pembina Pipeline Trading Down 0.1%

Shares of PBA stock opened at $50.37 on Friday. The company has a market capitalization of $29.29 billion, a P/E ratio of 26.24 and a beta of 0.57. Pembina Pipeline has a 12-month low of $35.45 and a 12-month high of $51.58. The company has a quick ratio of 0.68, a current ratio of 0.83 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average price of $48.39 and a 200 day moving average price of $45.41.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings data on Thursday, July 30th. The pipeline company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $1.07 billion for the quarter, compared to the consensus estimate of $1.37 billion. Pembina Pipeline had a return on equity of 11.47% and a net margin of 22.22%.Pembina Pipeline’s quarterly revenue was up 20.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.65 earnings per share. Research analysts forecast that Pembina Pipeline will post 2.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in Pembina Pipeline by 2.0% in the 4th quarter. Vanguard Group Inc. now owns 27,233,442 shares of the pipeline company’s stock valued at $1,037,512,000 after buying an additional 541,615 shares during the last quarter. FIL Ltd lifted its stake in shares of Pembina Pipeline by 2.6% during the fourth quarter. FIL Ltd now owns 13,978,558 shares of the pipeline company’s stock valued at $532,541,000 after acquiring an additional 359,109 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Pembina Pipeline by 1.0% in the fourth quarter. The Manufacturers Life Insurance Company now owns 9,828,960 shares of the pipeline company’s stock valued at $375,236,000 after acquiring an additional 94,655 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Pembina Pipeline by 17.8% in the fourth quarter. CIBC Asset Management Inc now owns 8,620,307 shares of the pipeline company’s stock valued at $329,245,000 after acquiring an additional 1,304,227 shares during the last quarter. Finally, Scotia Capital Inc. increased its position in Pembina Pipeline by 12.6% in the third quarter. Scotia Capital Inc. now owns 6,425,487 shares of the pipeline company’s stock worth $258,724,000 after purchasing an additional 717,773 shares during the period. Institutional investors own 55.37% of the company’s stock.

Pembina Pipeline Company Profile

Pembina Pipeline Corporation (NYSE: PBA) is a North American energy infrastructure company that develops, owns and operates midstream assets that transport, store and process hydrocarbons. Its core business focuses on the transportation of crude oil, natural gas liquids (NGLs) and condensate, along with gas processing, fractionation, storage and related marketing services. Pembina serves producers, refiners and other energy companies by providing pipeline capacity, terminal services and midstream solutions that link upstream production to downstream markets and export facilities.

The company’s asset base is concentrated in Western Canada, including major operations in Alberta and British Columbia, and it also has operations and commercial activities that extend into the United States.