Inter Pipeline Ltd is engaged in petroleum transportation, storage and natural gas liquids extraction business. The Company owns and operates a combination of energy infrastructure assets in western Canada and northern Europe. The Company operates in four business segments: Conventional Oil Pipelines; Oil Sands Transportation; NGL Extraction and Bulk Liquid Storage. The Conventional Oil Pipelines segment consists of the Bow River, Central Alberta and Mid-Saskatchewan pipeline systems and has around 3,700 kilometer of pipelines. The Oil Sands Transportation segment consists of the Cold Lake, Corridor and Polaris Pipeline systems and has around 2,600 kilometer of operating pipeline and 3.8 million barrels of storage. The NGL Extraction segment consists of the Cochrane, Empress II and has around 50% ownership of Empress V extraction plants. The Bulk Liquid Storage segment consists of around 12 bulk liquid storage terminals located across the United Kingdom, Ireland, Germany, Denmark and Sweden.
Inter Pipeline Ltd is a member of Canadian Dividend All-Star List with an 6 year streak of dividend increases. Dividend growth rates for 1, 3, 5 and 10 years are 12.1, 10.9, 9.3 and 6.1. Inter Pipeline Ltd currently pays monthly dividends of CA$0.1225 per share. (CA$ 1.47 annually)
Details of my purchase:
Some weeks ago Roadmap2Retire bought Inter Pipeline Ltd and made also a short analysis of it. If you are interested, read more here.
Some ratings for IPL.TO:
Yahoo: Mean Recommendation 2.3
Reuters: Mean Rating 2.33
At today's exchange rate, this purchase 100 shares of IPL.TO will increase €76.00 (CA$109.50) of my expected annual net dividend income and will increase my portfolio's projected annual net dividend income to €9470.00. With purchase price CA$27.52 plus commission (CA$5.00) my starting yield on cost is 5.33%.
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Full Disclosure: Long IPL.TO