Pembina Pipeline Corporation Cumulative Redeemable Rate Reset Class A Preferred Shares Series 1 (PPL.PR.A)

Pembina Pipeline Corporation Cumulative Redeemable Rate Reset Class A Preferred Shares Series 1 (PPL.PR.A $24.81)
- $24.81 P/E (TTM): 20.33X Cap: $33.73B
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Pembina Pipeline Corporation Cumulative Redeemable Rate Reset Class A Preferred Shares Series 1 (PPL.PR.A $24.81)
- $24.81 P/E (TTM): 20.33X Cap: $33.73B
- View PPL.PR.A Profile
- View Questions on PPL.PR.A

Q: Regarding Brian’s question:
I can’t find a press release, but I think this issue was in fact scheduled to reset on Dec 1 , 2023
Pembina website shows a dividend rate of 6.525%, presumably based on par at $25. This would run until Dec 1, 2028.
Adds up to about $1.63 per annum or $.4078 quarterly.
Stock closed at $20 so if bought at that price would effectively yield about 8.16%.
I apologize if my math or info is incorrect, but this is worth rechecking I think.

Read Answer Asked by john on December 04, 2023

Pembina Pipeline Corporation Cumulative Redeemable Rate Reset Class A Preferred Shares Series 1 (PPL.PR.A $24.81)
- $24.81 P/E (TTM): 20.33X Cap: $33.73B
- View PPL.PR.A Profile
- View Questions on PPL.PR.A

Q: Today Brian asked about the dividend rate for this pref. share.
You have indicated that the rate is .307
I believe the correct rate is 6.525%.
Can you please explain.
Thanks

Read Answer Asked by Terry on December 04, 2023

Pembina Pipeline Corporation Cumulative Redeemable Rate Reset Class A Preferred Shares Series 1 (PPL.PR.A $24.81)
- $24.81 P/E (TTM): 20.33X Cap: $33.73B
- View PPL.PR.A Profile
- View Questions on PPL.PR.A

Q: Ref Brian question on Friday, Dec 1 :

``The annual dividend rate for the Series 1 Shares for the five-year period from and including December 1, 2023, to, but excluding, December 1, 2028, will be 6.525 percent, being equal to the five-year Government of Canada bond yield of 4.055 percent determined as of today plus 2.47 percent, in accordance with the terms of the Series 1 Shares.`` .

According to me, the dividend should now be 0.4075 …

Read Answer Asked by Denise on December 04, 2023