Dividend Flows Don’t Lie: $0.20 dividends are now a reality for Columbia Pipeline Partners LP (NYSE:CPPL) shareholders. Here’s why.

Dividend Flows Don't Lie: $0.20 dividends are now a reality for Columbia Pipeline Partners LP (NYSE:CPPL) shareholders. Here's why.

Columbia Pipeline Partners LP (NYSE:CPPL) is expected to pay $0.20 on Nov 18, 2016. The indicated annual dividend is $0.79. Shareholders owning the stock before Nov 8, 2016 will be eligible to receive the payout. Based on Columbia Pipeline Partners LP’s current price of $17.20, the dividend is 1.15%. This dividend’s record date is Nov 11, 2016 and the announcement date is Nov 2, 2016. The stock increased 0.29% or $0.05 on November 4, hitting $17.2. Columbia Pipeline Partners LP (NYSE:CPPL) has risen 22.77% since April 5, 2016 and is uptrending. It has outperformed by 20.81% the S&P500.

Columbia Pipeline Partners LP is a limited partnership firm operating a portfolio of pipelines, storage and related midstream assets. The company has a market cap of $1.85 billion. It is engaged in interstate gas transportation and storage services for local distribution companies (LDCs), marketers and industrial and commercial clients located in northeastern, mid-Atlantic, Midwestern and southern states, and the District of Columbia along with unregulated businesses that include midstream services, including gathering, treating, conditioning, processing, compression and liquids handling, and development of mineral rights positions. It has a 23.51 P/E ratio. The Firm owns, operates and develops a portfolio of pipelines, storage and related midstream assets.

Columbia Pipeline Partners LP (NYSE:CPPL) Ratings Coverage

Out of 10 analysts covering Columbia Pipeline Partners (NYSE:CPPL), 3 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 30% are positive. Columbia Pipeline Partners has been the topic of 20 analyst reports since July 24, 2015 according to StockzIntelligence Inc. Jefferies upgraded the stock to “Buy” rating in Thursday, October 8 report. The firm earned “Buy” rating on Friday, December 18 by Goldman Sachs. The firm has “Overweight” rating by Barclays Capital given on Tuesday, September 8. The company was downgraded on Tuesday, December 15 by Howard Weil. The stock of Columbia Pipeline Partners LP (NYSE:CPPL) has “Neutral” rating given on Wednesday, July 20 by Goldman Sachs. The firm has “Peer Perform” rating given on Friday, March 18 by Wolfe Research. On Friday, August 28 the stock rating was initiated by Wells Fargo with “Market Perform”. JP Morgan maintained it with “Overweight” rating and $17 target price in Friday, May 27 report. The company was downgraded on Friday, March 18 by Barclays Capital. The stock has “Overweight” rating given by Morgan Stanley on Thursday, February 25.

More recent Columbia Pipeline Partners LP (NYSE:CPPL) news were published by: Prnewswire.com which released: “Columbia Pipeline Partners LP Reports Second Quarter Results” on August 02, 2016. Also Reuters.com published the news titled: “BRIEF-TransCanada to buy all Columbia Pipeline Partners LP units for $17/u…” on November 01, 2016. Wsj.com‘s news article titled: “TransCanada Offers to Buy Columbia Pipeline Partners” with publication date: September 26, 2016 was also an interesting one.

CPPL Company Profile

Columbia Pipeline Partners LP (the Partnership), incorporated on December 5, 2007, is a limited partnership firm operating a portfolio of pipelines, storage and related midstream assets. The Partnership is engaged in regulated interstate gas transportation and storage services for local distribution companies (LDCs), marketers and industrial and commercial clients located in northeastern, mid-Atlantic, Midwestern and southern states, and the District of Columbia along with unregulated businesses that include midstream services, including gathering, treating, conditioning, processing, compression and liquids handling, and development of mineral rights positions. The Firm owns, operates and develops a portfolio of pipelines, storage and related midstream assets. The Firm has a general partner interest in CPG OpCo LP (Columbia OpCo), as well as a limited partner interest in Columbia OpCo, a limited partnership that owns the natural gas transmission and storage assets of Columbia Energy Group (CEG), including approximately 15,000 miles of interstate pipelines, and operates an underground natural gas storage systems with approximately 300 million dekatherms (MMDth) of working gas capacity.

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