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Data last updated: Sep 06, 2026
Snapshot (as of Sep 06, 2026): Pembina Pipeline Corporation (PBA) pays a $2.87 annual dividend, yielding 4.28% at $48.41/share. Next ex-dividend date 2026-09-15. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.28%
Annual Dividend: $2.87 per share
Payout Ratio: 100.2%
Ex-Dividend Date: 2026-09-15
Sector: Energy
Years of Dividend History: 30
Pembina Pipeline Corporation dividend income comes from one of Canada's largest midstream energy companies, moving 3.1 million barrels of oil equivalent daily through pipelines, processing facilities, and NGL fractionation infrastructure. The current yield stands at 4.28%, with a trailing annual dividend rate of $2.8650 per share. The next ex-dividend date is September 15, 2026. With a beta of 0.702, PBA stock moves less than the broader market, which suits income-focused investors who prioritize lower price volatility over aggressive growth.
Pembina Pipeline Corporation pays out 100.2% of earnings as dividends, a payout ratio classified as high (above 75%). That figure sits right at the edge of full earnings coverage, and the company's infrastructure-based business, which includes contracted pipeline capacity and NGL fractionation of 354,000 barrels per day, provides the kind of recurring throughput demand that supports a high payout. Pembina Pipeline Corporation dividend safety faces its clearest pressure from that payout ratio itself: at 100.2%, there is virtually no earnings cushion, meaning any meaningful drop in throughput revenue or earnings would leave the dividend exposed.
Pembina Pipeline Corporation dividend history shows a CAGR of 2.4% per year from 2008 to 2022. Per-share payments grew from $1.4044 to $1.9654 over that period (years after 2022 are partial and excluded from the CAGR). The largest annual increase in the window was 12.4% in 2017, but the history also contains at least one year-over-year decline exceeding 5%, which means growth has not been linear. Three consecutive years of dividend increases are on record as of the current streak.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +1.2% | $1.97 (2022) | $2.04 (2025) |
| 5-Year | +1.6% | $1.88 (2020) | $2.04 (2025) |
| 10-Year | +3.2% | $1.49 (2015) | $2.04 (2025) |
PBA stock fits income-focused investors who want above-average yield from a large-scale midstream infrastructure business. The yield is classified as high (above 4%), and at 4.28% it sits modestly above the 5-year average of 4.12%, so current buyers are getting a slightly better entry yield than the historical norm. The trade-off is a payout ratio of 100.2%, which leaves no earnings buffer. Growth has averaged just 2.4% per year over the measured window, so this is an income-first holding, not a dividend growth story. Investors get a high starting yield anchored to essential energy infrastructure; they accept a stretched payout and slow dividend growth in return.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-15 | $0.5311 |
| 2026-06-15 | $0.5256 |
| 2026-03-16 | $0.5188 |
| 2025-12-15 | $0.5155 |
| 2025-09-15 | $0.5145 |
| 2025-06-16 | $0.5237 |
| 2025-03-17 | $0.4825 |
| 2024-12-16 | $0.4842 |
| 2024-09-16 | $0.5076 |
| 2024-06-17 | $0.5027 |
| Year | Total Dividends |
|---|---|
| 2026 | $1.5755 |
| 2025 | $2.0362 |
| 2024 | $1.9877 |
| 2023 | $1.9690 |
| 2022 | $1.9654 |
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