Plains All American Pipeline Lp (NASDAQ:PAA) Shareholders Set to Receive $0.42 Quarterly Dividend

Plains All American Pipeline Lp (NASDAQ:PAA) announced a quarterly dividend on Thursday, October 1st. Investors of record on Friday, October 30th will be given a dividend of $0.4175 per share on Friday, November 13th. This represents a $1.67 annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Friday, October 30th.

Plains All American Pipeline has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 5 years. Plains All American Pipeline has a payout ratio of 110.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Plains All American Pipeline to earn $1.78 per share next year, which means the company should continue to be able to cover its $1.67 annual dividend with an expected future payout ratio of 93.8%.

Plains All American Pipeline Stock Performance

Shares of NASDAQ:PAA traded down $0.09 during trading on Friday, reaching $23.61. 1,248,278 shares of the company’s stock traded hands, compared to its average volume of 3,026,295. The stock has a market capitalization of $16.66 billion, a P/E ratio of 6.56, a price-to-earnings-growth ratio of 8.18 and a beta of 0.58. Plains All American Pipeline has a 12 month low of $15.69 and a 12 month high of $26.39. The company has a 50 day moving average of $24.68 and a 200-day moving average of $23.20. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.12 and a quick ratio of 1.10.

Plains All American Pipeline (NASDAQ:PAA) last issued its earnings results on Friday, August 7th. The company reported $0.41 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.09). Plains All American Pipeline had a return on equity of 12.13% and a net margin of 5.29%.The company had revenue of $17.69 billion during the quarter. During the same quarter in the previous year, the company earned $0.36 earnings per share. Plains All American Pipeline’s revenue for the quarter was up 66.3% compared to the same quarter last year. On average, equities analysts expect that Plains All American Pipeline will post 1.78 EPS for the current year.

About Plains All American Pipeline

Plains All American Pipeline, L.P. is a publicly traded master limited partnership that provides midstream energy infrastructure and logistics services. The company primarily transports, stores and handles crude oil and natural gas liquids (NGLs) for producers, refiners, exporters and other energy customers.

Its operations include pipeline transportation, gathering systems, storage terminals, rail and truck facilities, and other supply-chain assets. Plains also provides terminalling, inventory management and related logistics services that connect production areas with refineries, processing facilities and export markets.

Plains All American serves key producing regions in the United States and Canada, with a significant presence in the Permian Basin and other North American oil and NGL markets.