Inter Pipeline Ltd Announces Monthly Dividend of $0.14 (IPL)

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Inter Pipeline Ltd (TSE:IPL) declared a monthly dividend on Monday, April 22nd, TickerTech reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.1425 per share on Wednesday, May 15th. This represents a $1.71 dividend on an annualized basis and a dividend yield of 7.67%. The ex-dividend date of this dividend is Monday, April 22nd.

Shares of TSE IPL opened at C$22.29 on Wednesday. The company has a debt-to-equity ratio of 142.72, a quick ratio of 0.16 and a current ratio of 0.18. The company has a market cap of $8.86 billion and a price-to-earnings ratio of 14.61. Inter Pipeline has a 52-week low of C$18.60 and a 52-week high of C$25.66.

Inter Pipeline (TSE:IPL) last announced its quarterly earnings results on Thursday, February 14th. The company reported C$0.36 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.38 by C($0.02). The firm had revenue of C$630.90 million during the quarter, compared to analyst estimates of C$685.00 million. As a group, equities research analysts predict that Inter Pipeline will post 1.30058084672518 EPS for the current fiscal year.

IPL has been the subject of several research reports. CIBC reduced their price objective on Inter Pipeline from C$30.00 to C$29.00 in a research note on Tuesday, January 15th. National Bank Financial decreased their target price on Inter Pipeline from C$31.00 to C$29.00 and set an “outperform” rating for the company in a research report on Wednesday, January 23rd. JPMorgan Chase & Co. decreased their target price on Inter Pipeline from C$28.00 to C$26.00 in a research report on Friday, February 1st. Cormark decreased their target price on Inter Pipeline from C$30.00 to C$27.00 in a research report on Tuesday, February 12th. Finally, AltaCorp Capital reaffirmed an “outperform” rating on shares of Inter Pipeline in a research report on Wednesday, February 13th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of C$25.33.

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Inter Pipeline Company Profile

Inter Pipeline Ltd. engages in the petroleum transportation and storage, and natural gas liquids processing businesses in Canada and Europe. The company operates through four segments: Oil Sands Transportation; Conventional Oil Pipelines; Natural Gas Liquids (NGL) Processing; and Bulk Liquid Storage.

Further Reading: Support Level

Dividend History for Inter Pipeline (TSE:IPL)

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