Pembina Pipeline Corp (TSE:PPL) declared a monthly dividend on Friday, October 21st. Stockholders of record on Tuesday, November 15th will be given a dividend of 0.16 per share on Tuesday, November 15th. This represents a $1.92 annualized dividend and a dividend yield of 4.80%. The ex-dividend date is Friday, October 21st.
Pembina Pipeline Corp (TSE:PPL) opened at 39.98 on Friday. The stock has a 50 day moving average price of $39.66 and a 200 day moving average price of $38.48. The firm has a market capitalization of $15.67 billion and a price-to-earnings ratio of 36.98. Pembina Pipeline Corp has a 1-year low of $26.05 and a 1-year high of $41.00.
Several brokerages have recently weighed in on PPL. TD Securities upped their price objective on Pembina Pipeline Corp from C$41.00 to C$44.00 and gave the company a “buy” rating in a report on Monday, August 8th. Royal Bank Of Canada upped their target price on Pembina Pipeline Corp from C$42.00 to C$45.00 and gave the company an “outperform” rating in a report on Tuesday, August 9th. Scotiabank reaffirmed an “outperform” rating and set a C$44.00 target price on shares of Pembina Pipeline Corp in a report on Monday, August 8th. BMO Capital Markets upped their target price on Pembina Pipeline Corp from C$40.00 to C$41.00 in a report on Thursday, July 7th. Finally, CSFB downgraded Pembina Pipeline Corp from an “outperform” rating to a “neutral” rating in a report on Monday, June 20th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. Pembina Pipeline Corp presently has an average rating of “Buy” and a consensus target price of C$43.69.
Pembina Pipeline Corp Company Profile
Pembina Pipeline Corporation (Pembina) is a transportation and midstream service provider. The Company operates through four segments: Conventional Pipelines, Oil Sands & Heavy Oil, Gas Services and Midstream. Pembina owns and operates an integrated system of pipelines that transport various hydrocarbon liquids, including conventional and synthetic crude oil, heavy oil and oil sands products, condensate (diluent) and natural gas liquids (NGL) produced in western Canada and ethane produced in North Dakota.
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