Plains All American Pipeline, L.P. (NYSE:PAA) Declares Quarterly Dividend of $0.38

Key Points

• Plains All American Pipeline declared a quarterly dividend of $0.38, with an annual yield of 9.0%, to be paid on November 14th to investors on record by October 31st.
• The company has a payout ratio of 100.7%, indicating it cannot currently cover its dividends with earnings and is relying on its balance sheet.
• Plains All American Pipeline's stock is currently trading at $16.95, reflecting a 0.5% decline in mid-day trading, with analysts predicting an earnings per share of $1.52 for the upcoming year.

Plains All American Pipeline, L.P. (NYSE:PAA - Get Free Report) declared a quarterly dividend on Thursday, October 2nd, RTT News reports. Investors of record on Friday, October 31st will be given a dividend of 0.38 per share by the pipeline company on Friday, November 14th. This represents a c) annualized dividend and a yield of 9.0%.

Plains All American Pipeline has a payout ratio of 100.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Plains All American Pipeline to earn $1.52 per share next year, which means the company may not be able to cover its $1.52 annual dividend with an expected future payout ratio of 100.0%.

Plains All American Pipeline Trading Down 0.5%

NYSE:PAA traded down $0.09 during mid-day trading on Thursday, reaching $16.95. The company's stock had a trading volume of 3,310,174 shares, compared to its average volume of 3,447,707. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.01 and a quick ratio of 0.92. The stock has a market cap of $11.92 billion, a P/E ratio of 23.22 and a beta of 0.80. The company's fifty day simple moving average is $17.66 and its two-hundred day simple moving average is $17.85. Plains All American Pipeline has a twelve month low of $15.57 and a twelve month high of $21.00.

Plains All American Pipeline (NYSE:PAA - Get Free Report) last announced its quarterly earnings data on Friday, August 8th. The pipeline company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.33 by $0.03. Plains All American Pipeline had a net margin of 1.54% and a return on equity of 11.69%. During the same quarter last year, the company posted $0.31 EPS. The business's revenue was down 16.6% on a year-over-year basis. On average, equities analysts predict that Plains All American Pipeline will post 1.52 EPS for the current year.

About Plains All American Pipeline

Plains All American Pipeline, L.P., through its subsidiaries, engages in the pipeline transportation, terminaling, storage, and gathering of crude oil and natural gas liquids (NGL) in the United States and Canada. The company operates through two segments, Crude Oil and NGL. The Crude Oil segment offers gathering and transporting crude oil through pipelines, gathering systems, trucks, and on barges or railcars.

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