Inter Pipeline's 6.5% Dividend Yield Tops the Canadian Midstream Sector
No-moat Inter Pipeline has announced its 15th consecutive annual dividend increase, raising its dividend nearly 4% to CAD 1.68 on an annualized basis. Over the past 10 years, the company’s dividend increased at a 7% compound annual growth rate. The new dividend yield stands at 6.55% and represents the best in our Canadian midstream sector, which averages 5%.ÂInter Pipeline reported third-quarter adjusted funds from operations of CAD 267 million, a 27% increase from the year-ago period and ahead...
Inter Pipeline is engaged in the business of of petroleum transportation, bulk liquid storage and natural gas liquids (NGL) extraction through the ownership and operation of energy infrastructure assets in western Canada, the U.K., Denmark, Germany, Ireland and Sweden. Co. has four operating business segments that are reportable segments: the oil sands transportation business segment; the conventional oil pipelines business segment; the bulk liquid storage business segment; and the NGL extraction business segment.
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