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CA - Pembina Pipelines Series 5 Preferreds: Strong Upside Potential Ahead
CA Inc.
2024-04-27 00:20:00 ET
Summary
Pembina Pipelines Series 5 preferred shares offer a strong upside potential over the next 6-12 months.
The fixed dividend for these shares will be recalculated on May 2, 2024, resulting in a much higher annual dividend. The company may also redeem the preferred shares.
The Bank of Canada's anticipated interest rate cuts in the second half of 2024 could lead to capital appreciation.
Pembina Pipeline is a high-quality, low-risk infrastructure company with strategically located, diversified assets, a strong balance sheet, and years of growing dividends.
Investment Case for Pembina Pipelines Series 5 PPL.PR.E fixed dividend preferred shares