SmarterDividends
PBA

Pembina Pipeline (PBA) Dividend

Pembina Pipeline Corporation · Energy · Oil & Gas Midstream · quarterly payer

$48.52

Fairly valued · -1% Add to Portfolio

As of Nov 5, 2026, Pembina Pipeline (PBA) pays a quarterly dividend of $0.5290 per share, or $2.07 a year, a 4.26% yield at its $48.52 share price. It pays every quarter, usually in March, June and September. It has raised its dividend 3 years in a row and has a dividend safety grade of D.

Forward Yield

4.26%

Annual Dividend

$2.07

Payout Ratio

101%

5-Yr Growth

26.3%

Ex-Date

Sep 15, 2026

Frequency

Quarterly

Key facts about PBA's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 5, 2026, Pembina Pipeline Corporation (PBA) has a forward dividend yield of 4.26%, based on an annual dividend of $2.07 per share and a share price of $48.52.
  • As of Nov 5, 2026, PBA's dividend safety grade from SmarterDividends is D (49 out of 100), which rates the dividend as unsafe.
  • By SmarterDividends' count, Pembina Pipeline Corporation (PBA) has raised its dividend for 3 consecutive years as of Nov 5, 2026.
  • PBA last cut its regular dividend in 2018.
  • PBA's most recent ex-dividend date was Sep 15, 2026, for a dividend of $0.53 per share.
  • As of Nov 5, 2026, PBA pays out 101% of its trailing 12-month earnings as dividends (its payout ratio).
  • PBA's dividend has grown at an average rate of 26.3% a year over the past five years.
  • As of Nov 5, 2026, PBA's 4.26% yield is 19% below its five-year average yield of 5.23%.
  • As of Nov 5, 2026, SmarterDividends' blended fair-value estimate for PBA is $48.20 per share, 1% below the $48.52 share price, so PBA screens as fairly valued.
  • Pembina Pipeline Corporation (PBA) pays its dividend quarterly, 4 times a year.
Cite this page

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

Is PBA a good dividend stock?

Mixed

Pembina Pipeline Corporation (PBA) pays a quarterly dividend yielding 4.26% ($2.07/yr), with 3 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • Strong 26.3% 5-yr dividend growth
  • 73% total price return over 5 years

Risks

  • Cut its dividend in 2018
  • Elevated payout ratio (101%)
  • Below-average dividend safety score

Key Data

Dividend Yield
4.26%
Payout Ratio
101%
Annual Dividend
$2.07
5-Yr Avg Growth
26.3%
Ex-Dividend Date
Sep 15, 2026
Years of Growth
3
Frequency
quarterly
Beta
0.73
Market Cap
$28.2B
P/E Ratio
23.7
5-Yr Total Return
73%
52-Week Range
$36.20 – $51.58
Dividend Safety
D · 49/100
Ever Cut?
Yes (2018)

PBA dividend changes

Pembina Pipeline Corporation (PBA) pays a variable dividend: across the 141 payments on record since 2012, 67 were higher than the one before and 46 lower. The latest change was up 0.8% to $0.529 per share, going ex-dividend on Sep 15, 2026.

Ex-dateChangeOld → newMove
Sep 15, 2026Higher$0.525 → $0.529+0.8%
Jun 15, 2026Higher$0.518 → $0.525+1.4%
Jun 16, 2025Higher$0.480 → $0.523+9.0%
Mar 17, 2025Lower$0.485 → $0.480−1.0%
Dec 16, 2024Lower$0.508 → $0.485−4.5%
Sep 16, 2024Higher$0.503 → $0.508+1.0%
Jun 17, 2024Higher$0.496 → $0.503+1.4%
Mar 14, 2024Higher$0.494 → $0.496+0.4%
Dec 14, 2023Higher$0.493 → $0.494+0.2%
Sep 14, 2023Lower$0.501 → $0.493−1.6%
Jun 14, 2023Higher$0.475 → $0.501+5.5%
Mar 14, 2023Higher$0.161 → $0.475+195.0%
Every PBA payment →Download every raise and cut (CSV)
PBA ex-dividend date & scheduleNext ex-date Sep 15, 2026 · full ex-dividend historyView →PBA dividend historyEvery payment, totals by year, raises and cutsView →PBA dividend calculator100 shares pay $207.00 a year, $51.75 each quarterCalculate →PBA total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is PBA a good dividend stock?

Mixed. Pembina Pipeline Corporation (PBA) pays a quarterly dividend yielding 4.26% ($2.07/yr), with 3 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is PBA undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PBA's fair value is about $48.20 versus a $48.52 share price — so it looks fairly valued (-1% vs. fair value).

Is PBA's dividend safe?

PBA has a dividend-safety grade of D (49/100), based on its payout coverage, free-cash-flow, 3-year growth streak, a dividend cut in 2018, debt and yield-versus-history.

What is PBA's fair value?

Our blended fair-value estimate for PBA is about $48.20 per share, about 1% below the current $48.52 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is PBA a buy, hold, or sell?

We don't issue formal ratings, but on the data PBA screens as "mixed" and fairly valued. Pembina Pipeline Corporation (PBA) pays a quarterly dividend yielding 4.26% ($2.07/yr), with 3 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will PBA cut its dividend?

PBA earns a dividend-safety grade of D (49/100), and has cut its dividend before (last in 2018). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does PBA pay a dividend?

Yes. Pembina Pipeline Corporation pays a quarterly dividend of about $2.07 per share annually, a forward yield of roughly 4.26%.

How much dividend does 100 shares of PBA pay?

At $2.07 per share a year, 100 shares of PBA pay $207.00 a year in dividends before tax, about $51.75 each quarter. Buying them costs about $4,852 at the Nov 5, 2026 price.

What is PBA's dividend yield?

As of Nov 5, 2026, PBA's forward dividend yield is 4.26%, based on a $2.07 annual dividend and a $48.52 share price.

What is PBA's dividend per share?

As of Nov 5, 2026, PBA pays $2.07 per share per year, distributed on a quarterly basis.

What is PBA's dividend payout ratio?

As of Nov 5, 2026, PBA's payout ratio is 101% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has PBA grown its dividend?

As of Nov 5, 2026, PBA has increased its dividend for 3 consecutive years.

When is the next PBA ex-dividend date?

As of Nov 5, 2026, PBA's next ex-dividend date hasn't been announced. The most recent was Sep 15, 2026, for $0.53 per share.

PBA Dividend News

PBA
IncreasePBA·Jun 16, 2026

Pembina Pipeline Raises Quarterly Dividend

Pembina Pipeline increased its quarterly dividend to 0.525 per share, extending its dividend-growth streak to three years.

Income Calculator

At $2.07 / yr per share

Per payment (quarterly)$51.75
Annual$207.00
Monthly avg$17.25
Full PBA dividend calculator →

Similar Dividend Stocks

XOMXOMExxonMobil Holdings Corporation2.53%24 yrCVXCVXChevron Corporation3.28%38 yrPCCYFPCCYFPetroChina Company Limited5.85%EnergySHELSHELShell plc3.07%Energy

Compare PBA

PBA vs XOMPBA vs CVXPBA vs PCCYFPBA vs SHEL

Explore more

Lists and tools related to PBA