|Bid||34.00 x 0|
|Ask||34.16 x 0|
|Day's Range||33.79 - 34.25|
|52 Week Range||15.27 - 53.79|
|Beta (5Y Monthly)||1.73|
|PE Ratio (TTM)||21.11|
|Earnings Date||Feb 25, 2021|
|Forward Dividend & Yield||2.52 (7.40%)|
|Ex-Dividend Date||Nov 24, 2020|
|1y Target Est||37.95|
Dividend stocks can be a great source of passive income. Three that currently offer recurring monthly payments are Canadian pipeline operator Pembina Pipeline (NYSE: PBA), industrial REIT STAG Industrial (NYSE: STAG), and farmland REIT Gladstone Land (NASDAQ: LAND).
Pembina Pipeline (NYSE: PBA) declared a dividend payable on December 15, 2020 to its shareholders as of November 5, 2020. It was also announced that shareholders of Pembina Pipeline's stock as of November 25, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Pembina Pipeline has an ex-dividend date set for for November 24, 2020. The company's current dividend payout is $0.21, which equates to a dividend yield of 11.52% at current price levels.The Significance Of An Ex-Dividend Date An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.Pembina Pipeline's Dividend Payouts And Yields Over the past year, Pembina Pipeline has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on July 23, 2020 the company's payout was $0.21, which has returned to its value today. Pembina Pipeline's dividend yield last year was 7.55%, which has since grown by 3.97%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.Click here to find details on Pembina Pipeline's previous dividends.See more from Benzinga * Click here for options trades from Benzinga * What Does Ingersoll Rand's Debt Look Like? * Danaher's Debt Overview(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
CALGARY, AB, Nov. 16, 2020 /CNW/ - Pembina Pipeline Corporation ("Pembina") (TSX: PPL) (NYSE: PBA) announced today that none of Pembina's Cumulative Redeemable Rate Reset Class A Preferred Shares, Series 9 ("Series 9 Shares") (TSX: PPL.