Topic: How To Invest

Dividend Advisor Hotline – Friday, May 10, 2019

Article Excerpt

PEMBINA PIPELINE CORP., $47.63, 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 2019 payment, the company will raise its monthly dividend by 5.3%. Investors now receive $0.20 a share instead of $0.19. The new annual rate of $2.40 yields a high 5.0%. In the quarter ended March 31, 2019, Pembina’s revenue rose 7.1%, to $1.97 billion from $1.84 billion a year earlier. Overall cash flow gained 9.1%, to $578.0 million from $530.0 million. Due to more shares outstanding, cash flow per share improved 8.6%, to $1.14 from $1.05. Those gains are mainly due to new pipelines and other projects that began operating in 2018. Pembina now plans to slow the development of its proposed Jordan Cove liquefied gas…

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