Plains All American Board Raises Annualized Dividend Rate By 19% From $1.07 to $1.27 Per Share For PAA & PAGP
Portfolio Pulse from Benzinga Newsdesk
Plains All American's board has increased the annualized dividend rate by 19% from $1.07 to $1.27 per share for PAA & PAGP. The company also plans to lower the long-term leverage ratio target range by 0.5x to 3.25x - 3.75x and expects year-end 2023 leverage to be below 3.5x.
November 03, 2023 | 11:55 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
PAA's annualized dividend rate has been increased by 19%, which could make the stock more attractive to income-focused investors. The company's plan to lower its leverage ratio could also be seen as a positive sign of financial health.
Dividend increases are often seen as a sign of a company's strong financial health. A lower leverage ratio indicates a lower level of risk, which could also attract investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
PAGP's annualized dividend rate has been increased by 19%, which could make the stock more attractive to income-focused investors. The company's plan to lower its leverage ratio could also be seen as a positive sign of financial health.
Dividend increases are often seen as a sign of a company's strong financial health. A lower leverage ratio indicates a lower level of risk, which could also attract investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100