Plains GP Holdings, L.P. (NYSE:PAGP) Declares Dividend of $0.42

Plains GP Holdings, L.P. (NYSE:PAGP) declared a dividend on Thursday, October 1st. Shareholders of record on Friday, October 30th will be given a dividend of $0.4175 per share by the pipeline company on Friday, November 13th. The ex-dividend date is Friday, October 30th.

Plains GP has raised its dividend payment by an average of 0.1%per year over the last three years. Plains GP has a dividend payout ratio of 105.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Plains GP to earn $1.87 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 89.3%.

Plains GP Price Performance

Shares of PAGP traded up $0.05 on Friday, reaching $25.98. The stock had a trading volume of 866,665 shares, compared to its average volume of 1,779,219. The firm has a 50-day moving average of $26.80 and a 200 day moving average of $25.13. The company has a quick ratio of 0.92, a current ratio of 1.01 and a debt-to-equity ratio of 0.49. The firm has a market capitalization of $5.14 billion, a PE ratio of 48.97 and a beta of 0.48. Plains GP has a twelve month low of $16.68 and a twelve month high of $28.70.

Plains GP Company Profile

Plains GP Holdings, L.P. is a publicly traded holding company that owns interests in Plains All American Pipeline, L.P. Its business exposure is primarily derived from Plains All American, which operates energy infrastructure used to transport, store, gather and handle crude oil and natural gas liquids.

Through its ownership interests in Plains All American and its general partner structure, Plains GP Holdings provides investors with an indirect interest in the operations of one of North America’s major midstream energy companies.