RE:Pembina reports tomorrow - Well they reported the earnings, I see no I hike, nor did I expect one. (but I was hoping like everyone else for an extra cent)
They do intend on buying back 200 million worth of shares or approximately 1% of the company. If I've done my math correctly that's about 36.4 cents per share that could have been added to dividends or 3 cents per month that they could have raised the dividend without the buyback.
I want a higher payout, but looking 12 months out, seems like they intend to bring 2-3 projects online in the summer and late year. Theoretically that would mean more revenue generation in the back half of the year and 1% less we have to share amongst ourselves and because the current numbers seem reoccurring and growing.That 3 cents/month they are throwing at buybacks now doesn't disappear and can be added to our dividend going forward maybe late year when our new projects come online.
In summery I wouldn't be surprised if the earliest we see a payout increase is 2nd half of the year, and more likely end of the year.