Business

Notable Stock to Watch: Pembina Pipeline Corporation (NYSE:PBA)

Stock News in Focus:

On Friday Pembina Pipeline Corporation (NYSE:PBA) stock recorded daily change of 0.39% to close at $35.76 with the total traded volume of 598179 shares along average volume of 887873 shares 52 week range of the stock remained $ 28.3 – 38.56 while its day low price was $35.64 and its hit its day high price at $35.9. Its previous closing value stands at $35.62. PBA total market capitalization is $24322102158. Currently stocks EPS is $1.97 while its price to earnings ratio is 18.18.

On Oct. 4, 2019, Pembina Pipeline Corporation (TSX: PPL;NYSE:PBA) declared that its Board of Directors declared a common share cash dividend for October 2019 of $0.20 per share to be paid, subject to applicable law, on November 15, 2019 to shareholders of record on October 25, 2019. These dividends are designated eligible dividends 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 October 2019 cash dividend is expected to be approximately U.S. $0.1500 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.7502. 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.

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