Pembina Pipeline Corp. (NYSE:PBA) Plans Quarterly Dividend of C$0.71

Pembina Pipeline Corp. (NYSE:PBA) (TSE:PPL) declared a quarterly dividend on Thursday, February 26th. Shareholders of record on Monday, March 16th will be paid a dividend of 0.71 per share by the pipeline company on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 6.4%. The ex-dividend date is Monday, March 16th.

Pembina Pipeline has increased its dividend by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 4 years. Pembina Pipeline has a dividend payout ratio of 89.4% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities analysts expect Pembina Pipeline to earn $2.23 per share next year, which means the company should continue to be able to cover its $2.03 annual dividend with an expected future payout ratio of 91.0%.

Pembina Pipeline Stock Performance

Shares of PBA stock traded up $0.26 during trading hours on Friday, reaching $44.26. 1,042,381 shares of the company’s stock were exchanged, compared to its average volume of 1,523,738. Pembina Pipeline has a fifty-two week low of $34.13 and a fifty-two week high of $44.60. The company has a quick ratio of 0.41, a current ratio of 0.53 and a debt-to-equity ratio of 0.77. The stock has a market capitalization of $25.72 billion, a P/E ratio of 22.13 and a beta of 0.68. The business has a fifty day moving average price of $40.36 and a 200-day moving average price of $39.12.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last announced its earnings results on Thursday, February 26th. The pipeline company reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. The business had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.41 billion. Pembina Pipeline had a net margin of 22.17% and a return on equity of 11.59%. Pembina Pipeline’s revenue was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Analysts predict that Pembina Pipeline will post 2.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PBA. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Pembina Pipeline in the 3rd quarter valued at $31,000. Westside Investment Management Inc. grew its stake in Pembina Pipeline by 100.0% during the third quarter. Westside Investment Management Inc. now owns 808 shares of the pipeline company’s stock worth $32,000 after buying an additional 404 shares during the last quarter. Physician Wealth Advisors Inc. increased its holdings in shares of Pembina Pipeline by 441.2% during the third quarter. Physician Wealth Advisors Inc. now owns 920 shares of the pipeline company’s stock worth $37,000 after buying an additional 750 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Pembina Pipeline in the fourth quarter valued at approximately $36,000. Finally, Golden State Wealth Management LLC acquired a new position in shares of Pembina Pipeline in the 3rd quarter worth approximately $40,000. 55.37% of the stock is currently owned by institutional investors and hedge funds.

About Pembina Pipeline

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.