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
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Pembina Pipelines Series 5 Preferreds: Strong Upside Potential Ahead