Pembina Pipeline Stock Price, News & Analysis

Pembina Pipeline Corporation (PBA) plans to redeem all 10 million of its issued Series 13 Preferred Shares on June 1, 2021, at a redemption price of $25 each, totaling $250 million. This will be financed using proceeds from a recent $600 million subordinated notes offering. Additionally, Pembina's Board declared a cash dividend of $0.21 per common share for April 2021, payable on May 14, 2021. The Series 13 preferred shares will also provide a final dividend of $0.359375, payable on June 1, 2021.

Pembina Pipeline Corporation (PBA) announced a cash dividend of $0.21 per common share for March 2021, payable on April 15, 2021, to shareholders of record by March 25, 2021. The dividend is classified as an 'eligible dividend' for Canadian tax purposes. For U.S. shareholders, this equates to approximately $0.1663 per share, subject to currency fluctuations and Canadian withholding taxes. Pembina is dedicated to providing integrated infrastructure solutions in North America’s energy sector and aims to offer sustainable returns to its shareholders.

Pembina Pipeline Corporation (PBA) has filed its audited consolidated financial statements for the year ended December 31, 2020, along with the management's discussion and analysis. The filings include the Form 40-F with the U.S. SEC. This provides stakeholders with essential financial data. Pembina operates in North America's energy sector, focusing on transporting hydrocarbon liquids and natural gas, and continues to expand its infrastructure and services. For further details, documents can be accessed via the company's website and regulatory authorities.

Pembina Pipeline Corporation (PBA) announced an approval from the Toronto Stock Exchange to initiate a normal course issuer bid (NCIB) to repurchase up to 5% of its outstanding shares, totaling approximately 27.5 million shares. The NCIB will commence on March 2, 2021, and conclude on March 1, 2022, or when the maximum shares are acquired. This repurchase aims to enhance shareholder value, as Pembina believes its shares may trade below their intrinsic worth. Purchases will be made through various exchanges at market price, with a focus on maintaining financial performance.

Pembina Pipeline Corporation reported its fourth-quarter and full-year 2020 financials, highlighting resilience amidst the pandemic. Q4 adjusted EBITDA reached a record $866 million, up 10% year-over-year, while the full-year figure was $3.281 billion, a 7% increase. Despite these gains, the company faced a Q4 loss of $1.216 billion due to significant impairment charges. Full-year cash flow from operating activities totaled $2.252 billion, down 11%, with dividends per share increasing to $2.52. Looking ahead, Pembina anticipates a favorable 2021 driven by recovering global energy demand.

Pembina Pipeline Corporation (PBA) declared a cash dividend of $0.21 per common share for February 2021, with payment scheduled for March 15, 2021, to shareholders on record by February 25, 2021. The dividend is classified as an 'eligible dividend' for Canadian tax purposes. U.S. shareholders can expect approximately $0.1638 per share before taxes. Pembina follows a monthly dividend payment policy, with records set on the 25th of each month (excluding December). The firm is a key player in the North American energy sector, offering integrated midstream services.

Pembina Pipeline Corporation has successfully closed its offering of $600 million in 4.80% Fixed-to-Fixed Rate Subordinated Notes, due January 25, 2081. The proceeds will be used to redeem 6.8 million Cumulative Redeemable Minimum Rate Reset Class A Preferred Shares (Series 11) at a total price of $170 million on March 1, 2021. The final dividend of $0.359375 per Series 11 Share will also be paid on the same date. This offers investors a significant strategic move in managing its debt and optimizing capital.

Pembina Pipeline Corporation (PBA) announced the launch of an open season for binding commitments to transport light condensate on the Cochin Pipeline. The open season commenced on January 19, 2021, at 8:00 a.m. MST and will conclude on February 18, 2021, at 5:00 p.m. MST. Pembina has been a key player in North America's energy industry for over 65 years, owning an integrated system of pipelines and midstream services. The company aims to enhance its infrastructure development to connect hydrocarbon production to global markets.

Pembina Pipeline Corporation (PBA) announced a $600 million offering of 4.80% Fixed-to-Fixed Rate Subordinated Notes, Series 1, due January 25, 2081. The offering is expected to close on or about this date, pending customary conditions. Proceeds will primarily be used to redeem outstanding Series 11 and Series 13 Preferred Shares, repay debt, and for general corporate purposes. The offering is managed by a syndicate including RBC Capital Markets and Scotiabank. Note that these notes are not registered under U.S. securities laws.