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Data last updated: Aug 18, 2026
Snapshot (as of Aug 18, 2026): Pembina Pipeline Corporation (PPL.TO) pays a $2.87 annual dividend ($0.73 quarterly), yielding 4.19% at $68.37/share. Next ex-dividend date 2026-09-15. 20 consecutive years of dividend growth. Source: Yahoo Finance, aggregated by MerryDiv.
Dividend Yield: 4.19%
Annual Dividend: $2.87 per share
Payout Ratio: 100.2%
Ex-Dividend Date: 2026-09-15
Dividend Frequency: quarterly
Sector: Energy
Years of Dividend History: 29
Pembina Pipeline Corporation dividend investors are looking at a Calgary-based midstream energy company that has moved oil, gas, and natural gas liquids across North America since 1954. The current yield sits at 4.19%, paid quarterly, with a trailing annual rate of $2.8650 per share and the next ex-dividend date on September 15, 2026. PPL.TO last paid $0.7350 per share. With a beta of 0.71, the stock moves less than the broader market, which suits income-focused investors who prioritize lower price volatility over aggressive capital appreciation.
Pembina Pipeline Corporation pays out 100.2% of earnings as dividends, a payout ratio classified as high (above 75%). PPL.TO's three operating divisions, including pipelines capable of moving 3.1 million barrels of oil equivalent daily and NGL fractionation capacity of 354 thousand barrels per day, reflect a large-scale infrastructure business where demand for throughput supports the current payout level. Pembina Pipeline Corporation dividend safety faces its clearest pressure from that payout ratio sitting above 100%, leaving virtually no earnings buffer if volumes or margins contract.
Pembina Pipeline Corporation dividend history shows a CAGR of 3.9% per year from 2008 to 2022. Per-share payments grew from $1.49 to $2.552 over that window (2026 data is a partial year and excluded from the rate calculation). The largest annual increase in the window was 9.8% in 2018, while growth slowed to near-flat between 2020 and 2021, when the annual dividend held at $2.52 both years.
| Period | CAGR | From | To |
|---|---|---|---|
| 3-Year | +3.4% | $2.55 (2022) | $2.82 (2025) |
| 5-Year | +2.3% | $2.52 (2020) | $2.82 (2025) |
| 10-Year | +4.6% | $1.80 (2015) | $2.82 (2025) |
PPL.TO fits income-focused investors who want a high yield from a large-scale midstream infrastructure business and can accept a payout ratio that leaves little room for error. The current yield of 4.19% is classified as high (above 4%) and sits above the 5-year average of 3.89%, meaning the stock is currently priced to deliver more income than its recent historical norm. Twenty consecutive years of dividend increases show a commitment to growing the payout, but at 3.9% annual growth, the increases are modest. The trade-off is straightforward: above-average current income from a low-beta stock, offset by a payout ratio above 100% that limits how much further the dividend can grow without earnings expansion.
| Payment Date | Amount per Share |
|---|---|
| 2026-09-15 | $0.7350 |
| 2026-06-15 | $0.7350 |
| 2026-03-16 | $0.7100 |
| 2025-12-15 | $0.7100 |
| 2025-09-15 | $0.7100 |
| 2025-06-16 | $0.7100 |
| 2025-03-17 | $0.6900 |
| 2024-12-16 | $0.6900 |
| 2024-09-16 | $0.6900 |
| 2024-06-17 | $0.6900 |
| Year | Total Dividends |
|---|---|
| 2026 | $2.1800 |
| 2025 | $2.8200 |
| 2024 | $2.7375 |
| 2023 | $2.6550 |
| 2022 | $2.5520 |
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