Market dataIncome framework read
Dividend CompanyTSXCanada

PPL.TO

Pembina Pipeline

EnergyPlain dividendQuarterly

Market Snapshot

$65.46

+$1.01 (1.57%)

Toronto

Yield

4.49%

Rate $2.94

Next Payment

—

Ex-date 2026-09-15

52wk Position

67.83%

-9.98% below high

Updated —

Income Intelligence Summary

Deterministic interpretation from Prospyr's income framework and available market data.

Framework readout
1

Income reliability

Derived from payout history

Quarterly income profile is visible

PPL.TO has an income profile aligned with its dividend company role. Provider data shows 4 recent payout records.

2

DRIP defense

Editorial framework

Defended at the default 100-share test

PPL.TO prints 1.12 shares per payment at default inputs. The defended price ceiling is $73.50.

3

Main watch item

Provider reported

Next payout date drives timing

PPL.TO has a visible provider payout date. For income calendars, ex-date and pay-date timing matter as much as annualized yield.

Decision Area

Distribution and DRIP Defense

Payout history, default DRIP coverage, and price creep pressure using market data where available.

Distribution Chart

Last 12 payments

Confirmed Expected

Coverage Ratio Test

DRIP defense check

Defended
Cash
$73.50
APR
1.123
Coverage
1.123

Defended baseline. Healthy DRIP rung with comfortable margin.

Price Creep

Defended price ceiling

Max defended
$73.50
Cushion
$8.04
Cushion %
12.28%
Current $65.46Break $73.50

Smart Recommendation

PPL.TO is inside the defended DRIP zone at these inputs; monitor price creep before adding new capital.

Research Signals

Payout sustainability

Strong

5mo ago

DRIP availability

Available

5mo ago

Tax character

Eligible dividend

5mo ago

Distribution history

Multi-decade

5mo ago

Structure complexity

Simple

5mo ago

Income trend

Stable

5mo ago

Account suitability

Non-reg: eligible div

5mo ago

Structure Overview

Pembina Pipeline (PPL) is a Canadian midstream company providing pipeline transportation, processing, and marketing services primarily in Western Canada. PPL pays monthly eligible dividends, a cadence that is uncommon among large pipeline companies and appealing for income calendaring. The fee-based revenue model and long-term customer contracts support distribution stability.

Canadian Planning Notes

  • 1PPL's monthly dividend cadence makes it useful for filling gaps in quarterly income portfolios; map your calendar before buying based on payout alone.
  • 2Eligible dividends from PPL qualify for the dividend tax credit in a non-registered account.
  • 3DRIP is available; verify plan details and any discount provisions with your broker.

Market Facts

Market Data

A factual market, distribution, valuation, and financial snapshot for this holding.

Market Data

Market data

Updated facts where available

Price

$65.46

Previous close

$64.45

Day range

$63.66 - $65.60

52wk range

$50.15 - $72.72

Market cap

38.1B

Volume

1.7M

Avg volume

2.2M

Exchange

Toronto

Dividend and distribution

Forward rate

$2.94

Trailing rate

$2.89

Forward yield

4.49%

Trailing yield

4.48%

Per payment

$0.74

Cadence

Quarterly

Next ex-date

Sep 15, 2026

Next pay

Sep 29, 2026

Last dividend

$0.74

Last dividend date

Sep 15, 2026

Performance

Daily change

$1.01

Daily change %

1.57%

52wk position

67.83%

Below 52wk high

-9.98%

Above 52wk low

30.53%

Open

$64.03

Earnings and financials

Trailing EPS

2.84

Forward EPS

3.2

Revenue

8B

Revenue growth

20.10%

Profit margin

22.42%

Operating margin

33.97%

Payout ratio

100.88%

Free cash flow

1.5B

Total cash

153M

ROE

10.47%

ROA

4.51%

Debt/equity

80.92

Beta

0.7

Valuation

Trailing P/E

23.05

Forward P/E

20.45

Price/sales

4.78

Price/book

2.48

Enterprise value

53.4B

EV/EBITDA

15.27

Analyst facts

Target mean

$72.89

Target high

$77.00

Target low

$66.00

Recommendation mean

2.05

Recommendation key

buy

Analysts

19

Canadian Context

Account placement

Non-registered

Eligible Canadian dividends qualify for the dividend tax credit, which can improve after-tax income in taxable accounts.

TFSA: Tax-free growth and withdrawals.

RRSP: Tax-deferred growth, with withdrawals taxed as regular income.

Eligible dividend tax credit

Total credit
$345.27
Effective rate
34.53%

Broker DRIP status

Questrade

Available

Wealthsimple

Available

RBC Direct Investing

Available

TD Direct Investing

Available

Run Your Numbers

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This profile is informational only and does not constitute licensed financial advice. Signal values, planning notes, market data, and structure summaries may not reflect the most current issuer disclosures. Always verify current payout policy, ex-dividend dates, financial statements, and issuer communications before making any investment decision.