Inter Pipeline TSX:IPL Dividends and Growth

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2 years 2 months ago #117523 by Gambler
Gambler replied the topic: Inter Pipeline TSX:IPL Dividends and Growth
Stock holding up very well, seen this at stockwatch.com was in Globe and Mail.

The Globe and Mail attempts to identify profitable stocks with low volatility while being priced at a discount relative to their peers in its Friday, Jan. 13, edition. The Globe's guest columnist Michael Pe writes in the Number Cruncher column that many investors have prospered over the years by using the simple long-standing notion of investing in low-volatility and profitable companies priced at a discount. Mr. Pe searched for stocks with high-net-profit margins and low volatility while priced at a discount compared with their peers. Mr. Pe says he looked for stocks with low industry-relative price-to-earnings (P/E versus its peers). He also measured for a stock's risk relative to the market over a three-year period. Mr. Pe's picks had to have a market capitalization greater than $200-million. Mr. Pe's select Canadian stocks trading at a discount are Boston Pizza Income Fund, WPT Industrial Real Estate Investment Fund, Keg Royalties Income Fund, Choice Properties REIT, Summit Industrial Income REIT and Inter Pipeline.

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2 years 2 months ago #117464 by GoldnBoy
GoldnBoy replied the topic: Inter Pipeline TSX:IPL Dividends and Growth
Oil came off a few bucks but IPL did not seem to care, a very good sign. Seems the market has finally realized the no relation to Oil price theme

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2 years 2 months ago #117434 by Gambler
Gambler replied the topic: Inter Pipeline TSX:IPL Dividends and Growth
Stock hit a new high last week at $30

Inter Pipeline Ltd. has declared a cash dividend of 13.5 cents per share for January, 2017. This dividend will be paid on or about Feb. 15, 2017, to shareholders of record on Jan. 23, 2017. This dividend is designated as an eligible dividend for Canadian tax purposes.

Since inception, Inter Pipeline has distributed approximately $3.8-billion in cash payments to investors. Inter Pipeline's objective is to provide investors with sustainable monthly cash dividends, with dividend growth upside tied to the development of Inter Pipeline's portfolio of growth projects.

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2 years 4 months ago #117240 by Gambler
Gambler replied the topic: Inter Pipeline TSX:IPL Dividends and Growth
Yes looks good, they have increased the dividend as well from 13 cents to 13.5 cents, not much but I will take it thankyou

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2 years 4 months ago #117239 by GoldnBoy
GoldnBoy replied the topic: Inter Pipeline TSX:IPL Dividends and Growth
IPL did decent to, but not as much growth as Pembina

Inter Pipeline Ltd. has released its financial and operating results for the three- and nine-month periods ended Sept. 30, 2016.

Third Quarter Highlights

Generated funds from operations(i) of $211 million, a three percent increase over the third quarter of 2015

Declared cash dividends of $131 million or $0.39 per share
Attractive quarterly payout ratio(i) of 64.8 percent

Total oil sands and conventional pipeline throughput volumes averaged 1,286,100 barrels per day (b/d)

Bulk liquid storage utilization rates remain strong, matching a record of 98 percent during the quarter, up from 93 percent in the third quarter of 2015

Acquired a large scale Canadian natural gas liquids (NGL) midstream business for $1.35 billion, providing a new platform for future growth

Completed a highly successful issuance of $600 million of common shares and $350 million of term debt

Signed two long-term storage contracts for the Seal Sands terminal in the United Kingdom, triggering construction of 175,000 barrels of new storage capacity

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2 years 4 months ago #117219 by GoldnBoy
GoldnBoy replied the topic: Inter Pipeline TSX:IPL Dividends and Growth
Q3 results out Nov 3rd and expecting some good numbers. Both of Ron's pipeline picks are doing great.

IPL's $1.35-billion, acquisition from Williams closed Sept 23rd so will not add much to this quarter but will in 4th qtr.

This strategic acquisition, includes two NGL and olefinic liquids extraction plants located near Fort McMurray, Alta., a fractionator near Redwater, Alta., and a 420-kilometre pipeline system that connects these facilities. Inter Pipeline also assumes responsibility for the potential construction of a $1.85-billion propane dehydrogenation facility located near the Redwater fractionator. This facility would convert low-cost, locally sourced propane into higher-value polymer-grade propylene, a petrochemical product primarily used in plastics manufacturing.

Fits nicely with their other operations in the area

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2 years 7 months ago #4290 by Gambler
Gambler replied the topic: Inter Pipeline TSX:IPL Dividends and Growth
Another solid quarter for IPL with all segments seeing improvement

As at June 30, 2016, Inter Pipeline had $557-million of capacity on its $1,250-million credit facility and consolidated net debt to total capitalization ratio was 54.2 per cent, compared with 52.8 per cent at June 30, 2015.

Second quarter highlights:

Funds from operations (i) of $197-million, a 9-per-cent increase over the second quarter of 2015;

Natural gas liquid extraction business segment recorded FFO (i) of approximately $31-million, a 31-per-cent increase over the same period in 2015;

Generated net income of $123 million, a 67-per-cent increase from the second quarter of 2015;

Declared cash dividends of $131-million, or 39 cents per share;

Attractive quarterly payout ratio (i) of 70 per cent;

Total pipeline throughput volumes averaged 1,213,900 barrels per day, a 14-per-cent increase over the same period in 2015;

Bulk liquid storage capacity utilization averaged 97 per cent for the quarter, up from 93 per cent in the second quarter of 2015.

I have a nice 25% capital gain but with this nice dividend that looks pretty safe I am holding long and strong

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2 years 7 months ago - 2 years 7 months ago #4278 by Gambler
Gambler created the topic: Inter Pipeline TSX:IPL Dividends and Growth
Inter Pipeline operates over 7,200 kilometres of petroleum pipelines and 4.8 million barrels of storage in western Canada. These systems transported approximately 1,260,000 barrels per day of bitumen blend, diluent and conventional crude oil in 2015, representing approximately 30% of oil sands volumes and 15% of total western Canadian conventional oil production.

It has one of North America's largest natural gas liquids extraction businesses with ownership in three major extraction facilities located in southern Alberta. These facilities have the capacity to process 6.2 bcf/d of natural gas, and capacity to produce approximately 200,000 b/d of natural gas liquids.

Inter Pipeline's bulk liquid storage business segment is one of the largest independent tank storage business in Europe, with a combined storage capacity of approximately 27 million barrels.

The company has delivered 13 consecutive dividend increases, I picked up a position at just under $21 based on The Struthers Report giving me a nice yield of 7.5%

The current dividend is 13 cents monthly

www.interpipeline.com/
Last Edit: 2 years 7 months ago by Gambler. Reason: correct dividend

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