While the .26 billion company is not an oil producer, it provides transportation and midstream services in North America. Pembina counts among the stocks that have increased ordinary cash dividends every year for five years. It's capable of maintaining the same payout for at least two straight years within those five years.
Management expects to generate more substantial cash flows from its take or pay arrangements and cost of service contracts once volumes pick up in the coming quarters. Prepare for and protect yourself from a future crisis. Don't expect the federal government to intervene every time there's an economic meltdown.
According to Employment Minister Carla Qualtrough, the new scheme acknowledges the uncertainty beyond 2021. Three temporary measures will go along with the transition to the retooled Employment Insurance (EI) system. Anyone eligible for EI who lost their jobs will get 0 per week for a minimum of 26 weeks.
Some four million Canadian workers will no longer worry about falling from the earnings cliff. The federal government will unveil a new billion income support measure to replace the Canada Emergency Response Benefit (CERB).