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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

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.


TSX:PPL - Post by User

Comment by autofocus111on Jan 16, 2022 7:41pm
323 Views
Post# 34322769

RE:RE:RE:RE:QUESTION ON CURRENT STOCK PRICE

RE:RE:RE:RE:QUESTION ON CURRENT STOCK PRICEbttm In the recent investor presentation, they stated they intend to direct discretionary cash flow of $200M to share buybacks in H1/22, but indicated a dividend increase was also an option. $1500M is the current allocation to dividend, so $200M if directed at dividends is a ~13% hike. In 2022 the payout ratio is expected to drop to low 70's from 75% of 2021. So yes there absolutely  is enough cash flow for a dividend raise. They could split the extra cash flow 50/50 if they are really so gung-ho on doing a buyback. 

See slides 35-36

https://www.pembina.com/getattachment/fa37d658-5f9a-432e-9bef-580a2ba3ce81/december-2021-market-update-presentation-final.pdf
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