Plains All American Pipeline Announces $0.38 Quarterly Dividend, Maintains 8.97% Forward Yield

Plains All American Pipeline has declared a quarterly dividend of $0.38 per share, in line with previous declarations. The forward yield is 8.97%. The dividend will be payable on November 14 for shareholders of record on October 31, and will be ex-dividend on October 31.

Plains All American Pipeline, L.P. (NYSE: PAA) has declared a quarterly dividend of $0.38 per share, in line with previous declarations. The forward yield is 8.97%. The dividend will be payable on November 14 for shareholders of record on October 31, and will be ex-dividend on October 31 Plains All American Pipeline, L.P. (NYSE:PAA) Declares Quarterly Dividend of $0.38^[1].

The company's payout ratio of 100.7% indicates that it cannot currently cover its dividends with earnings and is relying on its balance sheet to make these payments. Analysts expect Plains All American Pipeline to earn $1.52 per share next year, which would result in a future payout ratio of 100.0% Plains All American Pipeline, L.P. (NYSE:PAA) Declares Quarterly Dividend of $0.38^[1].

Plains All American Pipeline's stock is currently trading at $16.95, reflecting a 0.5% decline in mid-day trading on Thursday, October 2nd. The company's stock had a trading volume of 3,310,174 shares, compared to its average volume of 3,447,707. The company's debt-to-equity ratio is 0.64, and its current and quick ratios are 1.01 and 0.92, respectively. The stock has a market cap of $11.92 billion, a P/E ratio of 23.22, and a beta of 0.80. The fifty-day and two-hundred-day simple moving averages are $17.66 and $17.85, respectively Plains All American Pipeline, L.P. (NYSE:PAA) Declares Quarterly Dividend of $0.38^[1].