Analysis – Plains All American Pipeline, L.P. Increases Dividend by 11%

PAA3

Plains All American Pipeline Limited Partnership announced a regular quarterly dividend of $0.66, an 11 percent increase from the prior rate of $0.645 per share. The dividend will be paid at the new higher rate on November 14, 2014, to shareholders of record at close of business on October 31, 2014.

 

Date Quarterly Dividend
10/31/2014 0.66
7/30/2014 0.645
4/30/2014 0.63
1/29/2014 0.615
10/30/2013 0.6
7/31/2013 0.588
5/1/2013 0.575
1/30/2013 0.563
10/31/2012 0.542
8/1/2012 0.532
5/2/2012 0.522
2/1/2012 0.512
11/2/2011 0.497
7/29/2011 0.491
4/29/2011 0.485
2/2/2011 0.479
10/29/2010 0.475
7/30/2010 0.471
4/30/2010 0.468
1/29/2010 0.464

Analysis of Valuation of Plains All American (Symbol PAA).

Plains All American is trading at the top of its average price/sale (P/S) range.  Plains All American is trading below its average historical dividend yield. 

Price 10/13/14 % Yield 5 Year Div. Growth Rate  SPS    2014 P/S Ratio 10 yr P/S  Low 10 yr P/S  High 5 yr max Yield % 5 yr lowest Yield %
$52.28 5.00% 10% 122.30 0.47 0.09 0.47 6.90% 4.50%

Plains All American Dividend Yield Chart (Click to enlarge)

PAA3

Explanation:  Dividend growth stocks may be valued upon historical relative price/sales and current yield analysis. Dividend stocks trading at a low historical price/sales (P/S) ratio should be viewed more highly to investors due to their depressed valuation versus other higher P/S ratio stocks.  Max P/S price target is based upon company reaching its highest historical P/S ratio.  Dividend stocks should also be viewed favorably when the current yield is above historical readings for the past 10 years.  Further information on evaluating dividend growth candidates can be found at http://seekingalpha.com/author/timothy-mcintosh/articles

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