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