Topic: How To Invest

Dividend Advisor Hotline – Friday, December 14, 2018

Article Excerpt

PEMBINA PIPELINE CORP., $43.91, Toronto symbol PPL, owns pipelines that carry almost all of B.C.’s oil and half of Alberta’s conventional oil. Its network also transports 30% of Western Canada’s natural gas liquids (NGLs). In addition, the company owns extensive facilities to extract, process and store NGLs. Pembina also operates natural gas-processing plants. Starting with the June 2018 payment, the company raised its monthly dividend by 5.6%. Investors now receive $0.19 a share instead of $0.18. The new annual rate of $2.28 yields a high 5.2%. The company plans to spend $1.6 billion on new projects and upgrades to its existing operations in 2019. About 53% of that spending will go toward new pipelines. That includes completing two expansions of its Peace Pipeline System. The first phase should open in 2019, while the second will begin operating in the first half of 2021. A further 25% of that 2019 spending will go to Pembina’s facilities division. It is now building gas-processing plants, which should…

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