Benzinga | Jan 19, 2022 09:49AM EST

Pembina Pipeline: Dividend Insights

Sunday marks the last chance for investors to receive the next dividend payout from Pembina Pipeline.

What's Happening

(NYSE:PBA) announced on Thursday that it would pay shareholders a monthly dividend of $0.21 per share. On Monday, Pembina Pipeline will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open $0.21 lower than it would have opened on any other day.

In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend datein this case, Monday. Shareholders who own PBA as of the end of Sunday's session are eligible to receive the $0.21 dividend payout for every share that they own.

According to the company, this dividend will be paid out to shareholders on February 15, 2022. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way.

Click here to find details on Pembina Pipeline's previous dividends.

To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.