Pembina Pipeline Corp T.PPL.PR.G

Primary Symbol: T.PPL Alternate Symbol(s): PBA | PBNAF | T.PPL.PR.A | T.PPL.PR.C | T.PPL.PR.E | PPLAF | PMBPF | T.PPL.PR.I | T.PPL.PR.O | T.PPL.PR.Q | PPLOF | T.PPL.PR.S | PMMBF | T.PPL.PF.A | T.PPL.PF.E | T.PPL.PF.B

Energy Oil & Gas Midstream

Pembina Pipeline Corp is a Canada-based energy transportation and midstream service provider. The Company owns pipelines that transport hydrocarbon liquids and natural gas products produced primarily in Western Canada. It also owns gas gathering and processing facilities and an oil and natural gas liquids infrastructure and logistics business. It operates through three segments: Pipelines, Facilities and Marketing & New Ventures. The Pipelines segment provides customers with pipeline transportation, terminalling, and storage in key market hubs in Canada and the United States for crude oil, condensate, natural gas liquids and natural gas. The Facilities segment includes infrastructure that provides Pembina's customers with natural gas, condensate and natural gas liquid (NGL) services. The Marketing & New Ventures segment undertakes value-added commodity marketing activities including buying and selling products, commodity arbitrage, and optimizing storage opportunities.

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Pembina Pipeline Corp > Dividend Increase Status !!!!

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Comment by BlueJay2020on Aug 06, 2021 8:48am

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Post# 33662608

RE:RE:Dividend Increase Status !!!!

I completely concur. As much as I would like to increase my monthly income, the yield is abnormally high as it is.

JayBanks wrote:

Most dividend increases in the past several years happen in April-May (announced in March), with a couple coming in the fall Octoberish area.

I remember in the early spring area management was asked about a raise to the dividend at that time and they responded with something along the lines of: the market currently hasn't been appreciating our current payout and it's safety, so we don't really see a reason of raising it... (paraphrased of course, I'm sure someone can find the exact line)

I believe that because we are still below normal share prices we were seeing in 2017-19, that we won't see a raise until the share price returns to normal, we are still 8-9 dollars below normal share prices pre pandemic and the company business is in minorly better shape than pre-pandemic so I gotta say we have some room to run as I would not by any stretch say we have recovered from the pandemic like many others have. We canceled/shelved a few expansion plans but in the past few months we have seen a bunch more announced, so I would say our future seems to have more to offer which is positive. That said I question how accretive these new announcements will be, the shelved projects seemed to have a great outlook on profit margin when they discussed them like our own version of Heartland, and other expansions, but theses current projects seem to be more stretching our reach rather than profits in my opinion. That's not a negative as I like getting bigger, and that can lead to more profitable ventures down the road, but it seems to be a focus shift for the future.

Back to the dividend, normally our yeild averages in the high 4% or very low 5%, 4.70-5.20 most of the time with temporary jumps after increases. Until we get back into that area from our current 6.15% region, I wouldn't expect an increase in our payout. I would love the increase, but I think until share price jumps back up in the $50 region, I wouldn't worry about a dividend boost, I would say we are like 15% discount to normal value.

15% upside, + the current payout + the project pipeline = I think we are in good shape as investors near term and can wait for a payout increase while we see how the project processes moves forward

If you wanna see a monthly history of our dividend yeild:
https://www.marketbeat.com/stocks/TSE/PPL/dividend/