PBA - Pembina Pipeline: The Preferred Shares Are Getting Very Interesting

Introduction

The pipeline operators are hit by the fallout of the COVID-19 pandemic and Pembina Pipeline (PBA) has lost approximately 40% of its market capitalization since the outbreak in North America as the fossil fuel sector has been hit hard. While the common shares offer an interesting combination of exposure to capital gains and a current dividend yield of 8.3%, income-oriented investors that would like to have an additional layer of security could have a look at the preferred shares, trading in Canada.

Data by YCharts

Pembina Pipeline has been hit hard by

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