SmarterDividends
PAA

Plains All American Pipeline (PAA) Dividend

Plains All American Pipeline, L.P. · Energy · Oil & Gas Midstream · quarterly payer

$25.02

Undervalued · +141% Add to Portfolio

As of Nov 5, 2026, Plains All American Pipeline (PAA) pays a quarterly dividend of $0.4180 per share, or $1.67 a year, a 6.62% yield at its $25.02 share price. It pays every quarter, usually in February, May, August and November. It has raised its dividend 4 years in a row and has a dividend safety grade of C.

Forward Yield

6.62%

Annual Dividend

$1.67

Payout Ratio

138%

5-Yr Growth

16.1%

Ex-Date

Oct 30, 2026

Frequency

Quarterly

Key facts about PAA's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Plains All American Pipeline, L.P. (PAA) has a forward dividend yield of 6.62%, based on an annual dividend of $1.67 per share and a share price of $25.02.
  • As of Nov 5, 2026, PAA's dividend safety grade from SmarterDividends is C (60 out of 100), which rates the dividend as borderline.
  • By SmarterDividends' count, Plains All American Pipeline, L.P. (PAA) has raised its dividend for 4 consecutive years as of Nov 5, 2026.
  • PAA last cut its regular dividend in 2020.
  • PAA's most recent ex-dividend date was Oct 30, 2026, for a dividend of $0.42 per share.
  • As of Nov 5, 2026, PAA pays out 138% of its trailing 12-month earnings as dividends (its payout ratio).
  • PAA's dividend has grown at an average rate of 16.1% a year over the past five years.
  • As of Nov 5, 2026, PAA's 6.62% yield is 14% below its five-year average yield of 7.67%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for PAA is $60.36 per share, 141% above the $25.02 share price, so PAA screens as undervalued.
  • Plains All American Pipeline, L.P. (PAA) pays its dividend quarterly, 4 times a year.
  • Plains All American Pipeline, L.P. (PAA) has raised its regular dividend 60 times and cut it 4 times across the 112 payments on record since 1999. Its most recent change was a 10.0% increase to $0.418 per share, going ex-dividend on Jan 30, 2026. The last cut went ex-dividend on Apr 30, 2020.
  • Plains All American Pipeline (PAA) has declared its first higher dividend of the year in January in 3 of the last 5 years; its most recent raise, 10.0%, was declared on Jan 5, 2026.
Cite this page

SmarterDividends, "PAA Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 5, 2026, https://smarterdividends.com/stocks/PAA

Is PAA a good dividend stock?

Yes, with caveats

Plains All American Pipeline, L.P. (PAA) pays a quarterly dividend yielding 6.62% ($1.67/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
  • 185% total price return over 5 years

Risks

  • Cut its dividend in 2020
  • Elevated payout ratio (138%)

Key Data

Dividend Yield
6.62%
Payout Ratio
138%
Annual Dividend
$1.67
5-Yr Avg Growth
16.1%
Ex-Dividend Date
Oct 30, 2026
Years of Growth
4
Frequency
quarterly
Beta
0.54
Market Cap
$17.7B
P/E Ratio
21.6
5-Yr Total Return
185%
52-Week Range
$16.00 – $26.98
Dividend Safety
C · 60/100
Ever Cut?
Yes (2020)

PAA dividend raises and cuts

Plains All American Pipeline, L.P. (PAA) has raised its regular dividend 60 times and cut it 4 times across the 112 payments on record since 1999. Its most recent change was a 10.0% increase to $0.418 per share, going ex-dividend on Jan 30, 2026. The last cut went ex-dividend on Apr 30, 2020.

Ex-dateChangeOld → newMove
Jan 30, 2026Raise$0.380 → $0.418+10.0%
Jan 31, 2025Raise$0.318 → $0.380+19.5%
Jan 30, 2024Raise$0.268 → $0.318+18.7%
Jan 30, 2023Raise$0.218 → $0.268+22.9%
Apr 28, 2022Raise$0.180 → $0.218+21.1%
Apr 30, 2020Cut$0.360 → $0.180−50.0%
Apr 30, 2019Raise$0.300 → $0.360+20.0%
Oct 30, 2017Cut$0.550 → $0.300−45.5%
Oct 27, 2016Cut$0.700 → $0.550−21.4%
Oct 28, 2015Raise$0.695 → $0.700+0.7%
Jul 29, 2015Raise$0.685 → $0.695+1.5%
Apr 29, 2015Raise$0.675 → $0.685+1.5%
Show all 64 changes since 1999
Ex-dateChangeOld → newMove
Jan 28, 2015Raise$0.660 → $0.675+2.3%
Oct 29, 2014Raise$0.645 → $0.660+2.3%
Jul 30, 2014Raise$0.630 → $0.645+2.4%
Apr 30, 2014Raise$0.615 → $0.630+2.4%
Jan 29, 2014Raise$0.600 → $0.615+2.5%
Oct 30, 2013Raise$0.588 → $0.600+2.0%
Jul 31, 2013Raise$0.575 → $0.588+2.3%
May 1, 2013Raise$0.563 → $0.575+2.1%
Jan 30, 2013Raise$0.542 → $0.563+3.9%
Oct 31, 2012Raise$0.533 → $0.542+1.8%
Aug 1, 2012Raise$0.523 → $0.533+1.9%
May 2, 2012Raise$0.513 → $0.523+2.0%
Feb 1, 2012Raise$0.498 → $0.513+3.0%
Nov 2, 2011Raise$0.492 → $0.498+1.2%
Jul 29, 2011Raise$0.485 → $0.492+1.3%
Apr 29, 2011Raise$0.479 → $0.485+1.3%
Feb 2, 2011Raise$0.475 → $0.479+0.8%
Oct 29, 2010Raise$0.472 → $0.475+0.7%
Jul 30, 2010Raise$0.468 → $0.472+0.9%
Apr 30, 2010Raise$0.464 → $0.468+0.8%
Jan 29, 2010Raise$0.460 → $0.464+0.9%
Oct 30, 2009Raise$0.453 → $0.460+1.7%
May 1, 2009Raise$0.447 → $0.453+1.3%
Oct 31, 2008Raise$0.444 → $0.447+0.6%
Jul 31, 2008Raise$0.433 → $0.444+2.7%
May 1, 2008Raise$0.425 → $0.433+1.8%
Jan 31, 2008Raise$0.420 → $0.425+1.2%
Oct 31, 2007Raise$0.415 → $0.420+1.2%
Aug 1, 2007Raise$0.407 → $0.415+2.1%
May 2, 2007Raise$0.400 → $0.407+1.6%
Jan 31, 2007Raise$0.375 → $0.400+6.7%
Nov 1, 2006Raise$0.363 → $0.375+3.4%
Aug 2, 2006Raise$0.354 → $0.363+2.4%
May 3, 2006Raise$0.344 → $0.354+2.9%
Feb 1, 2006Raise$0.338 → $0.344+1.9%
Nov 2, 2005Raise$0.325 → $0.338+3.8%
Jul 29, 2005Raise$0.319 → $0.325+1.9%
Apr 29, 2005Raise$0.307 → $0.319+4.1%
Feb 2, 2005Raise$0.300 → $0.307+2.2%
Oct 29, 2004Raise$0.289 → $0.300+3.8%
Jul 30, 2004Raise$0.282 → $0.289+2.7%
Jan 30, 2004Raise$0.275 → $0.282+2.4%
May 1, 2003Raise$0.269 → $0.275+2.2%
Aug 1, 2002Raise$0.263 → $0.269+2.5%
May 2, 2002Raise$0.257 → $0.263+2.3%
Oct 31, 2001Raise$0.250 → $0.257+2.6%
Aug 1, 2001Raise$0.238 → $0.250+5.3%
May 1, 2001Raise$0.232 → $0.238+2.6%
Aug 2, 2000Raise$0.225 → $0.232+2.9%
Feb 3, 2000Cut$0.241 → $0.225−6.4%
Oct 28, 1999Raise$0.232 → $0.241+3.9%
Jul 30, 1999Raise$0.225 → $0.232+2.9%
Every PAA payment →Download every raise and cut (CSV)
PAA ex-dividend date & scheduleNext ex-date Oct 30, 2026 · full ex-dividend historyView →PAA dividend historyEvery payment, totals by year, raises and cutsView →PAA dividend calculator100 shares pay $167.00 a year, $41.75 each quarterCalculate →PAA total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is PAA a good dividend stock?

Yes, with caveats. Plains All American Pipeline, L.P. (PAA) pays a quarterly dividend yielding 6.62% ($1.67/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.

Is PAA undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PAA's fair value is about $60.36 versus a $25.02 share price — so it looks undervalued (+141% vs. fair value).

Is PAA's dividend safe?

PAA has a dividend-safety grade of C (60/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a dividend cut in 2020, debt and yield-versus-history.

What is PAA's fair value?

Our blended fair-value estimate for PAA is about $60.36 per share, roughly 141% above the current $25.02 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is PAA a buy, hold, or sell?

We don't issue formal ratings, but on the data PAA screens as "yes, with caveats" and undervalued. Plains All American Pipeline, L.P. (PAA) pays a quarterly dividend yielding 6.62% ($1.67/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. This is research for your own analysis, not investment advice.

Will PAA cut its dividend?

PAA earns a dividend-safety grade of C (60/100), and has cut its dividend before (last in 2020). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does PAA pay a dividend?

Yes. Plains All American Pipeline, L.P. pays a quarterly dividend of about $1.67 per share annually, a forward yield of roughly 6.62%.

How much dividend does 100 shares of PAA pay?

At $1.67 per share a year, 100 shares of PAA pay $167.00 a year in dividends before tax, about $41.75 each quarter. Buying them costs about $2,502 at the Nov 5, 2026 price.

What is PAA's dividend yield?

As of Nov 5, 2026, PAA's forward dividend yield is 6.62%, based on a $1.67 annual dividend and a $25.02 share price.

What is PAA's dividend per share?

As of Nov 5, 2026, PAA pays $1.67 per share per year, distributed on a quarterly basis.

What is PAA's dividend payout ratio?

As of Nov 5, 2026, PAA's payout ratio is 138% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has PAA grown its dividend?

As of Nov 5, 2026, PAA has increased its dividend for 4 consecutive years.

When is the next PAA ex-dividend date?

As of Nov 5, 2026, PAA's next ex-dividend date hasn't been announced. The most recent was Oct 30, 2026, for $0.42 per share.

Income Calculator

At $1.67 / yr per share

Per payment (quarterly)$41.75
Annual$167.00
Monthly avg$13.92
Full PAA dividend calculator →

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