Plains All American Pipeline, L.P.
PAAEnergy · Stock · quarterly payer
Forward Yield
6.43%
Annual Dividend
$1.63
Payout Ratio
136%
5-Yr Growth
16.1%
Ex-Date
Jul 31, 2026
Frequency
Quarterly
Summary
As of September 2026, Plains All American Pipeline, L.P. (PAA) yields 6.43% ($1.63 per share annually), with a blended fair-value estimate of $48.47 — +91% upside, so it screens as undervalued. Dividend safety grade: C (60/100). 4 years of dividend growth.
Is PAA a good dividend stock?
Yes, with caveatsPlains All American Pipeline, L.P. (PAA) pays a quarterly dividend yielding 6.43% ($1.63/yr), with 4 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.
Advantages
- Strong 16.1% 5-yr dividend growth
- 151% total price return over 5 years
Risks
- Cut its dividend in 2020
- Elevated payout ratio (136%)
Key Data
- Dividend Yield
- 6.43%
- Payout Ratio
- 136%
- Annual Dividend
- $1.63
- 5-Yr Avg Growth
- 16.1%
- Ex-Dividend Date
- Jul 31, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.49
- Market Cap
- $17.9B
- P/E Ratio
- 21.7
- 5-Yr Total Return
- 151%
- 52-Week Range
- $15.69 – $26.39
- Dividend Safety
- C · 60/100
- Ever Cut?
- Yes (2020)
Frequently Asked Questions
PAA Price — Last 12 Months
Daily close
Price Return
1 Year
+54%
3 Years
+67%
5 Years
+151%
52-Week Range
$15.69 – $26.39
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PAA worth?
Undervaluedlow confidenceOur blended fair-value estimate for Plains All American Pipeline, L.P. is $48.47 per share, versus a market price of $25.37. That implies 91% of upside — a margin of safety of about 48%.
Fair Value
$48.47
Current Price
$25.37
Upside
+91%
Margin of Safety
48%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 14.1% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 14.1% stage-1 growth, 2.5% terminal growth, $1.17 EPS, $1.63 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PAA Dividend Safety Score
Borderline
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
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 31, 2026 | — | $0.4180 | regular |
| May 1, 2026 | — | $0.4180 | regular |
| Jan 30, 2026 | — | $0.4180 | regular |
| Oct 31, 2025 | — | $0.3800 | regular |
| Jul 31, 2025 | — | $0.3800 | regular |
| May 1, 2025 | — | $0.3800 | regular |
| Jan 31, 2025 | — | $0.3800 | regular |
| Oct 31, 2024 | — | $0.3180 | regular |
| Jul 31, 2024 | — | $0.3180 | regular |
| Apr 30, 2024 | — | $0.3180 | regular |
| Jan 30, 2024 | — | $0.3180 | regular |
| Oct 30, 2023 | — | $0.2680 | regular |
| Jul 28, 2023 | — | $0.2680 | regular |
| Apr 28, 2023 | — | $0.2680 | regular |
Income Calculator
At $1.63 / yr per share
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