PEMBINA PIPELINE CORP. $27.59 (Toronto symbol PPL; Shares outstanding: 167.3 million; Market cap: $4.6 billion; TSI Network Rating: Average; Yield: 5.7%; www.pembina.com) is buying rival Provident Energy for $3.2 billion.
The Provident purchase diversifies Pembina’s operations and should immediately add to its cash flow. As a result, the company is raising its monthly dividend by 3.8%, to $0.135 from $0.13. The shares now yield 5.7%.
We’re raising Pembina’s TSINetwork Rating to Average from Extra Risk.
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Privacy Policy and Terms of Use
The Successful Investor Inc. and its affiliate Successful Investor Wealth Management (referred to hereafter as TSI Network) know that you care how information about you is used and shared, and we appreciate your trust that we will do so carefully and sensibly. This notice describes our privacy policy. By visiting websites owned by or associated with TSI Network, you are accepting the practices described in this Privacy Policy.
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What personal information do we collect?
The information we receive from customers helps us personalize and continually improve your online experience at TSI Network. TSI Network may collect personal information online for all legal purposes, which include, but are not limited to:
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