Inter Pipeline Ltd. (TSE:IPL) announced a monthly dividend on Thursday, December 21st, TickerTech reports. Shareholders of record on Monday, January 15th will be paid a dividend of 0.14 per share on Monday, January 15th. This represents a $1.68 annualized dividend and a yield of 6.18%. The ex-dividend date is Thursday, December 21st.
Shares of Inter Pipeline (TSE IPL) traded down C$0.07 during mid-day trading on Friday, reaching C$27.20. 2,548,697 shares of the company’s stock traded hands, compared to its average volume of 956,224. Inter Pipeline has a 52-week low of C$22.14 and a 52-week high of C$30.07.
Several analysts have commented on IPL shares. GMP Securities raised their target price on shares of Inter Pipeline from C$29.00 to C$29.50 in a report on Monday, November 13th. CIBC dropped their target price on shares of Inter Pipeline from C$31.00 to C$30.00 in a report on Monday, November 13th. Raymond James Financial raised their target price on shares of Inter Pipeline from C$26.00 to C$28.00 and gave the stock a “market perform” rating in a report on Monday, November 13th. BMO Capital Markets restated an “outperform” rating and set a C$28.00 target price on shares of Inter Pipeline in a report on Friday, November 10th. Finally, AltaCorp Capital upgraded shares of Inter Pipeline from a “sector perform” rating to an “outperform” rating in a report on Tuesday, August 22nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$29.72.
About Inter Pipeline
Inter Pipeline Ltd. is a petroleum transportation, storage and natural gas liquids processing business. The Company’s segments include oil sands transportation business, conventional oil pipelines business, natural gas liquids (NGL) processing business and bulk liquid storage business. The Company geographical segments include Canada and Europe.
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