Plains All American Pipeline, L.P. (PAA) will begin trading ex-dividend on October 29, 2020. A cash dividend payment of $0.18 per share is scheduled to be paid on November 13, 2020. Shareholders who purchased PAA prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that PAA has paid the same dividend. At the current stock price of $6.43, the dividend yield is 11.2%.
The previous trading day's last sale of PAA was $6.43, representing a -66.97% decrease from the 52 week high of $19.47 and a 114.33% increase over the 52 week low of $3.
PAA is a part of the Energy sector, which includes companies such as Enbridge Inc (ENB) and National Grid Transco, PLC (NGG). PAA's current earnings per share, an indicator of a company's profitability, is -$2.95. Zacks Investment Research reports PAA's forecasted earnings growth in 2020 as -42.07%, compared to an industry average of -11.3%.
Interested in gaining exposure to PAA through an Exchange Traded Fund [ETF]?
The following ETF(s) have PAA as a top-10 holding:
- Alerian MLP ETF (AMLP)
- Global X MLP ETF (MLPA).
The top-performing ETF of this group is AMLP with an decrease of -29.34% over the last 100 days. It also has the highest percent weighting of PAA at 9.8%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.