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Data last updated: Oct 19, 2026
Snapshot (as of Oct 19, 2026): Pembina Pipeline Corporation (PBA) pays a $2.89 annual dividend ($0.72 quarterly), yielding 4.14% at $50.10/share. Next ex-dividend date 2026-09-15. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.14%
Annual Dividend: $2.89 per share
Payout Ratio: 100.9%
Ex-Dividend Date: 2026-09-15
Dividend Frequency: quarterly
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. PBA currently pays a 4.35% dividend yield. Shareholders receive $2.89 per share annually in quarterly payments, with the next ex-dividend date set for September 15, 2026. With a beta of 0.702, PBA stock tends to move less than the broader market, which suits income-focused investors who prioritize lower price volatility.
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 earnings coverage, meaning the dividend is currently consuming essentially all reported earnings. Pembina Pipeline Corporation dividend safety depends on the durability of cash flows from its pipeline and processing operations, which serve energy producers across the Western Canadian Sedimentary Basin. The most direct pressure point is the payout ratio itself: any earnings decline, without a corresponding reduction in the dividend, would push the ratio above 100% on a sustained basis.
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 beyond 2022 in the table are partial and excluded from the CAGR calculation, including Pembina Pipeline Corporation dividend 2026 data). 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%, and the 14-year average growth rate of 2.4% reflects a slow overall pace. Growth is slow, and at that rate, the dividend's purchasing power barely keeps pace with typical inflation.
| 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 essential midstream infrastructure, and who can accept a payout ratio that leaves little earnings cushion. The yield of 4.35% is classified as high (above 4%), and it sits modestly above PBA's own 5-year average yield of 4.2%, meaning the current entry point offers slightly more income than the historical norm. The trade-off is clear: dividend growth has averaged just 2.4% per year over the long term, and the payout ratio of 100.2% limits the likelihood of meaningful near-term increases. What an investor gets is a high current yield from a large-scale pipeline and processing business. What they accept is slow growth and a payout that has little room to absorb earnings pressure.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-15 | $0.5281 |
| 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 | $1.5725 |
| 2025 | $2.0362 |
| 2024 | $1.9877 |
| 2023 | $1.9690 |
| 2022 | $1.9654 |
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