Stock to Track – Pembina Pipeline Corporation (NYSE:PBA)

Pembina Pipeline Corporation (NYSE:PBA) closed with change of 1.35% to $32.39 with the total traded volume of 465844 shares versus to an average volume of 524.45K. The stock was up in the 5 days activity 1.47%. The one month performance of stock was -0.06%. PBA shares are down -7.32% for the quarter and driving a 1.54% rally over the course of the past year and is now down -10.48% since this point in 2018. The average volatility for the week and month was at 1.52% and 2.32% respectively.

Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA) reported that its Board of Directors announced a common share cash dividend for March 2018 of $0.18 per share to be paid, subject to applicable law, on April 15, 2018 to shareholders of record on March 25, 2018. This dividend is designated an “eligible dividend” for Canadian income tax purposes. For non-resident shareholders, Pembina’s common share dividends should be considered “qualified dividends” and may be subject to Canadian withholding tax.

For shareholders receiving their common share dividends in U.S. funds, the March 2018 cash dividend is expected to be approximately U.S. $0.1392 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.7736. The actual U.S. dollar dividend will depend on the Canadian/U.S. dollar exchange rate on the payment date and will be subject to applicable withholding taxes.

Pembina pays cash dividends on its common shares in Canadian dollars on a monthly basis to shareholders of record on the 25th calendar day of each month (except for the December record date, which is December 31st), if, as and when determined by the Board of Directors. Should the record date fall on a weekend or a statutory holiday, the effective record date will be the previous business day. The dividend payment date is the 15th of the month following the record date. Should the payment date fall on a weekend or on a holiday the business day prior to the weekend or holiday becomes the payment date.

Closing of Term Loan and Credit Facility Extension

Pembina has closed its previously announced $1 billion non-revolving term loan (“Term Loan”) with certain existing lenders. The Term Loan will be used to partially repay existing amounts drawn under Pembina’s $2.5 billion revolving credit facility, thereby providing additional liquidity, flexibility and interest cost savings. The Term Loan will have an initial term of three years and is pre-payable at the Company’s option. The other terms and conditions of the Term Loan, including financial covenants, are substantially similar to Pembina’s $2.5 billion revolving credit facility. Concurrently, Pembina also completed an extension of its $2.5 billion revolving credit facility, which now matures May 31, 2023.

Shares of Pembina Pipeline Corporation have been recently spotted trading -12.44% off of the 52-week high price. On the other end, company shares have been noted 7.36% away from the low price over the last 52-weeks. 52 week range of the stock remained $ 30.17 – 36.99. Switching over to some distances from popular moving averages, we see that the stock has been recorded -4.43% away from the 50 day moving average and -3.92% away from the 200 day moving average. Moving closer, we can see that shares have been trading 0.40% off of the 20-day moving average.


Gary Simmons

Gary Simmons is a self-taught investor and follows the value investing approach to picking stocks. He possesses over 10 years of investment experience, an M.B.A. from Louisiana State University, and is also certified in Risk Management Assurance. Gary is a Certified Internal Auditor, Data Miner, and author with a career broadly spanning over multiple business areas. He has exploited those observations and developed investment tactics within a fundamentally sound long-term investment strategy. He currently covers Business News category for our site. Address: 3274 Dennison Street, Modesto, California Email:

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