Is Pembina Pipeline Stock a Buy for Its 4.7% Dividend Yield?
Is Pembina Pipeline Stock a Buy for Its 4.7% Dividend Yield?
Some Canadian dividend stocks from the energy sector are hard to overlook, mainly because they have the potential to offer a good mix of reliable income and stability, even in a volatile economic environment. Pembina Pipeline (TSX:PPL) is one of those stocks, with a history of providing consistent dividends since 1997 and a current yield of 4.7%.
一些來自能源行業的加拿大股息股票不容忽視,主要是因爲即使在動盪的經濟環境中,它們也有可能提供可靠的收入和穩定的良好組合。彭比納管道(多倫多證券交易所股票代碼:PPL)就是其中一隻股票,自1997年以來一直提供穩定的股息,目前的收益率爲4.7%。
While this yield may look attractive, especially for income-focused Foolish Investors who can hold it for the long term, it's still important to analyze whether Pembina could continue to maintain these payouts and adapt to expected shifts in the energy market. Let's dig deeper into Pembina's recent financial growth trends and the factors that could impact its future performance to find out whether its 4.7% yield justifies adding it to your portfolio right now.
儘管這種收益率可能看起來很有吸引力,特別是對於能夠長揸該收益的注重收益的愚蠢投資者而言,但分析彭比納能否繼續維持這些收益並適應能源市場的預期變化仍然很重要。讓我們更深入地研究彭比納最近的財務增長趨勢以及可能影響其未來表現的因素,以了解其4.7%的收益率是否值得立即將其添加到您的投資組合中。
Analyzing Pembina Pipeline's financial growth trends
分析彭比納管道的財務增長趨勢
After rallying by about 48% in the last year, Pembina currently trades at $58.23 per share with a market cap of $33.9 billion. The Calgary-based company mainly focuses on energy transportation and midstream services, including pipelines and natural gas processing facilities.
彭比納在去年上漲了約48%之後,目前的交易價格爲每股58.23美元,市值爲339億美元。這家總部位於卡爾加里的公司主要專注於能源運輸和中游服務,包括管道和天然氣處理設施。
PPL stock's strong performance is a reflection of its solid earnings growth and cash flow generation, which have allowed the company to maintain and even grow its dividend payouts over the years. Notably, Pembina's total revenue climbed by 24% in the five years between 2018 and 2023, while its adjusted annual earnings inched up by nearly 31%. Interestingly, Pembina Pipeline raised its dividends by more than 60% in the last 10 years (ended in 2023).
PPL股票的強勁表現反映了其穩健的收益增長和現金流的產生,這使公司多年來得以維持甚至增加其股息支出。值得注意的是,彭比納的總收入在2018年至2023年的五年中增長了24%,而調整後的年收益增長了近31%。有趣的是,彭比納管道在過去10年(截至2023年)中將其股息提高了60%以上。
Despite recent volatility in commodity prices, Pembina is continuing to maintain this positive financial growth in 2024. In the second quarter of 2024, the company posted a solid 32.6% YoY (year-over-year) jump in adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) to a record $1.1 billion.
儘管最近大宗商品價格波動,但彭比納將在2024年繼續保持這種正的財務增長。2024年第二季度,該公司公佈調整後的息稅折舊攤銷前利潤(扣除利息、稅項、折舊和攤銷前的收益)同比(同比)穩步增長32.6%,達到創紀錄的11億美元。
Its acquisition of higher interests in Alliance and Aux Sable contributed to PPL's stronger results and expanded its presence in U.S. operations. These strong results also encouraged Pembina's management to raise its full-year 2024 adjusted EBITDA guidance.
它收購了Alliance和Aux Sable的更高權益,這爲PPL的強勁業績做出了貢獻,並擴大了其在美國業務中的影響力。這些強勁的業績也鼓勵彭比納管理層提高其2024年全年調整後的息稅折舊攤銷前利潤預期。
Is Pembina stock a buy for its attractive dividend yield?
彭比納股票因其誘人的股息收益率而值得買入嗎?
Looking beyond just the numbers, the Canadian energy infrastructure company's strategic projects, like the Cedar LNG (liquid natural gas) project and Peace Pipeline expansion, are positioning it for long-term growth. The Cedar LNG project, a partnership with the Haisla Nation, aims to bring low-carbon Canadian LNG to international markets. With a positive final investment decision in June 2024, I expect this US$4 billion project to accelerate Pembina's future earnings growth trends.
除了數字之外,這家加拿大能源基礎設施公司的戰略項目,例如雪松液化天然氣(液化天然氣)項目和和平管道擴建項目,正在爲其長期增長做好準備。與海斯拉民族合作的雪松液化天然氣項目旨在將低碳的加拿大液化天然氣引入國際市場。隨着2024年6月做出積極的最終投資決定,我預計這個40億美元的項目將加速彭比納未來的收益增長趨勢。
Pembina's recently completed Phase VIII of the Peace Pipeline expansion further strengthens its ability to meet growing demand in Western Canada. These projects are not only expected to support higher volumes but also enable the company to optimize its extensive pipeline network more cost-effectively.
彭比納最近完成的和平管道第八階段擴建工程進一步增強了其滿足加拿大西部不斷增長的需求的能力。這些項目不僅有望支持更高的產量,而且還使該公司能夠更具成本效益地優化其龐大的管道網絡。
Considering that, I wouldn't be surprised if Pembina continues to grow its dividend payouts in the coming years. That's why PPL stock's attractive dividend yield not only makes it appealing, but the company's long-term growth prospects add to its potential for continued upward momentum.
考慮到這一點,如果彭比納在未來幾年繼續增加股息支出,我也不會感到驚訝。這就是爲什麼PPL股票誘人的股息收益率不僅使其具有吸引力,而且該公司的長期增長前景增加了其持續上升勢頭的潛力。