South Bow Corporation (NYSE:SOBO) Shareholders to Collect $0.50 Quarterly Dividend

South Bow Corporation (NYSE:SOBO) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Thursday, December 31st will be given a dividend of $0.50 per share on Friday, January 15th. This represents a $2.00 annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Thursday, December 31st.

South Bow has a payout ratio of 109.9% 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 South Bow to earn $1.91 per share next year, which means the company may not be able to cover its $2.00 annual dividend with an expected future payout ratio of 104.7%.

South Bow Price Performance

SOBO stock opened at $34.07 on Thursday. The business’s fifty day moving average price is $35.21 and its 200 day moving average price is $34.48. South Bow has a 12-month low of $25.30 and a 12-month high of $39.02. The company has a current ratio of 1.52, a quick ratio of 1.44 and a debt-to-equity ratio of 2.15. The company has a market capitalization of $7.11 billion, a PE ratio of 15.41 and a beta of 0.17.

South Bow (NYSE:SOBO) last announced its earnings results on Wednesday, November 4th. The company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.04. The company had revenue of $503.00 million during the quarter, compared to analysts’ expectations of $476.02 million. South Bow had a return on equity of 15.84% and a net margin of 22.99%. On average, sell-side analysts anticipate that South Bow will post 1.84 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Parallel Advisors LLC grew its stake in South Bow by 140.5% during the 1st quarter. Parallel Advisors LLC now owns 849 shares of the company’s stock worth $28,000 after purchasing an additional 496 shares in the last quarter. EverSource Wealth Advisors LLC raised its position in South Bow by 78.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,893 shares of the company’s stock valued at $63,000 after purchasing an additional 831 shares in the last quarter. Kelleher Financial Advisors acquired a new stake in South Bow in the 2nd quarter valued at about $68,000. Integrated Wealth Concepts LLC purchased a new position in shares of South Bow in the 2nd quarter valued at about $81,000. Finally, IFP Advisors Inc boosted its stake in shares of South Bow by 202.6% in the 3rd quarter. IFP Advisors Inc now owns 2,454 shares of the company’s stock valued at $81,000 after buying an additional 1,643 shares during the period.

South Bow Company Profile

South Bow Corp. (NYSE: SOBO) is a liquids-focused energy infrastructure company headquartered in Calgary, Alberta. The company owns and operates crude oil transportation and storage assets that connect Canadian production regions with refineries, storage hubs and export markets in the United States.

South Bow’s primary asset is the Keystone Pipeline System, which transports crude oil from Western Canada to destinations in the U.S. Midwest and along the U.S. Gulf Coast. The company also operates the Marketlink system, which moves crude from Cushing, Oklahoma, to the Gulf Coast, as well as Canadian pipeline assets serving oil sands and other production areas.

South Bow began operating as an independent publicly traded company in October 2024 following its separation from TC Energy.