Plains All American Pipeline Lp (PAA) to Distribute Quarterly Dividend of $0.42 on November 13th

by · The Markets Daily

Plains All American Pipeline Lp (NASDAQ:PAA – Get Free Report) announced a quarterly dividend on Thursday, October 1st. Shareholders 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 yield of 7.0%. The ex-dividend date of this dividend is Friday, October 30th.

Plains All American Pipeline has increased its dividend payment by an average of 0.1%annually 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. 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 Up 0.2%

Shares of PAA stock opened at $23.75 on Friday. Plains All American Pipeline has a fifty-two week low of $15.69 and a fifty-two week high of $26.39. The firm has a market capitalization of $16.76 billion, a PE ratio of 6.58, a P/E/G ratio of 8.17 and a beta of 0.57. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.10 and a current ratio of 1.12. The stock’s 50-day simple moving average is $24.66 and its 200-day simple moving average is $23.21.

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

About Plains All American Pipeline

(Get Free Report)

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.

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