SmarterDividends
PAA

Plains All American Pipeline, L.P.

PAA

Energy · Stock · quarterly payer

Forward Yield

6.96%

Annual Dividend

$1.60

Payout Ratio

140%

5-Yr Growth

16.1%

Ex-Date

May 1, 2026

Frequency

Quarterly

PAA Dividend Safety Score

55/ 100
Grade C

Borderline

Dividend-growth streak5 consecutive years of growth
Cut historyCut its dividend in 2020
Earnings payout coverage140% of earnings paid out
Free-cash-flow coverage102% of free cash flow
Balance-sheet strengthDebt/equity of 0.90
Yield vs its historyYield in line with its history

SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.

Dividend Growth

Total dividends per share by year

Is PAA a good dividend stock?

Mixed

Plains All American Pipeline, L.P. (PAA) pays a quarterly dividend yielding 6.96% ($1.60/yr), with 5 years of growth and a dividend-safety grade of C. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • Strong 16.1% 5-yr dividend growth
  • 99% total price return over 5 years

Risks

  • Cut its dividend in 2020
  • Elevated payout ratio (140%)

Key Data

Dividend Yield
6.96%
Payout Ratio
140%
Annual Dividend
$1.60
5-Yr Avg Growth
16.1%
Ex-Dividend Date
May 1, 2026
Years of Growth
5
Frequency
quarterly
Beta
0.46
Market Cap
$16.2B
P/E Ratio
20.6
5-Yr Total Return
99%
52-Week Range
$15.69 – $24.26
Dividend Safety
C · 55/100
Ever Cut?
Yes (2020)
PAA ex-dividend date & scheduleNext ex-date May 1, 2026 · full ex-dividend historyView →

Frequently Asked Questions

Income Calculator

At $1.60 / yr per share

Per payment (quarterly)$40.00
Annual$160.00
Monthly avg$13.33