Trailing Dividend / Share
$1.27
Plains All American Pipeline, L.P. (PAA) Dividend History
Income profile from 1999 to 2026 with payout safety and yield-on-cost trend
Dividend Yield
5.7%
Payout Ratio
1.2%
Sustainable
Dividend Streak
4 years
PAA Dividend Income Check
Safety
1.2% payout ratio with sustainable safety profile.
Consistency
4 straight years of dividend increases.
Income Trend
Yield on cost is 18.5% and trend is rising.
PAA Dividend Scorecard
Yield & Income
Dividend Yield5.7%
Trailing DPS$1.27
FrequencySemi-Annual
Payments / 12M4
Payout Safety
Earnings Payout1.2%
Earnings SafetySustainable
FCF Payout36.5%
FCF SafetyWell Covered
Piotroski F-Score4/9
Growth
Growth Streak4 years
3Y CAGR22.1%
5Y CAGR11.1%
Yield on Cost (5Y)18.5%
YOC Trendrising
Total Returns
Buyback Yield0.0%
Total Shareholder Yield5.7%
1Y Total Return46.4%
5Y Total Return195.7%
Div Contribution (5Y)62.1%
Estimated $10K growth (return + dividends):
5Y ago$29,57010Y ago$15,14320Y ago$25,136
Uses precomputed total return metrics from screening data (not lot-by-lot dividend reinvestment transactions). PAA's recent 5Y regime has been stronger than its full 10Y period, so 5Y can appear higher than 10Y.
PAA Income Growth Story
Dividend per share and yield on cost over time (28 years of payments)
PAA Dividend Safety Story
EPS is the container — dividend is what's drawn out
Dividend Analysis
Payout Safety
Plains All American Pipeline, L.P. distributes 1.2% of earnings as dividends (Sustainable). When measured against free cash flow—a stricter test—the payout ratio stands at 36.5%, rated "Well Covered".
Piotroski F-Score: 4/9 — moderate financial health.
Growth Track Record
PAA has raised its dividend for 4 consecutive years, with a 3-year CAGR of 22.1% and 5-year CAGR of 11.1%.
Total Shareholder Returns
Beyond cash dividends, PAA returns capital through share repurchases. The combined picture: 5.7% dividend yield, 5.7% total shareholder yield.
Income Trend & Total Return
Yield on cost (5-year basis) has reached 18.5% and is currently rising. The 5-year total return is 195.7%, with dividends contributing 62.1% of that performance.
DRIP Growth
A $10,000 investment made 10 years ago with dividends reinvested would have grown to approximately $15,143 today.
PAA Recent Dividend Payments
Last 20 payments · Semi-Annual
TTM Total$5.89
Avg/Payment$0.2946
Latest Change+0.6%
| Ex-Date | Amount | Change | Yield % | Payment Date |
|---|---|---|---|---|
| May 1, 2026Latest | $0.4200 | ↑ +0.6% | 7.12% | May 15, 2026 |
| Jan 30, 2026 | $0.4175 | ↑ +9.9% | 8.10% | Feb 13, 2026 |
| Oct 31, 2025 | $0.3800 | — | 9.24% | Nov 14, 2025 |
| Jul 31, 2025 | $0.3800 | — | 7.99% | Aug 14, 2025 |
| May 1, 2025 | $0.3800 | — | 8.35% | May 15, 2025 |
| Jan 31, 2025 | $0.3800 | ↑ +19.7% | 6.73% | Feb 14, 2025 |
| Oct 31, 2024 | $0.3175 | — | 7.81% | Nov 14, 2024 |
| Jul 31, 2024 | $0.3175 | — | 6.71% | Aug 14, 2024 |
PAA Dividend vs Peers
Comparable companies in the same industry
#4 yield in peer group
Div Yield
5.7%
#4 of 8
Safety
Sustainable
1.2% payout
Streak
4Y
11.1% 5Y CAGR
Total Shareholder
5.7%
#5 of 8
| Company | Mkt Cap | Yield | Payout | Streak | Safety |
|---|---|---|---|---|---|
| PAAPlains All American … | $15.6B | 5.7% | 1.2% | 4 | Sustainable |
 EPDEnterprise Products … | $81.2B | 5.7% | 80.5% | 15 | Watch |
3rd  ETEnergy Transfer LP | $68.4B | 6.5% | 96.4% | 0 | At Risk |
2nd  MPLXMPLX Lp | $56.5B | 7.1% | 81.8% | 3 | Watch |
1st  WESWestern Midstream Pa… | $16.8B | 8.6% | 1.2% | 4 | Sustainable |
 PAGPPlains GP Holdings, … | $4.7B | 5.4% | 2.4% | 4 | Sustainable |
 KMIKinder Morgan, Inc. | $70.3B | 3.7% | 85.2% | 9 | At Risk |
 OKEONEOK, Inc. | $53.9B | 4.8% | 76.1% | 22 | Watch |
PAA Annual Dividend History (1997–2026)
30 years of dividend data
GrowthDecline
| Year | DPS | YoY | Pmts | EPS | Payout | Coverage | YOC |
|---|---|---|---|---|---|---|---|
| 2026YTD | $0.84 | — | 2 | — | — | — | 10.2% |
| 2025 | $1.52 | 19.7% | 4 | — | — | — | 18.5% |
| 2024 | $1.27 | 18.6% | 4 | $0.73 | 174.0% | 0.57x | 15.5% |
| 2023 | $1.07 | 28.4% | 4 | $1.40 | 76.5% | 1.31x | 13.1% |
| 2022 | $0.83 | 15.8% | 4 | $1.19 | 70.1% | 1.43x | 10.2% |
| 2021 | $0.72 | -20.0% | 4 | $0.55 | 130.9% | 0.76x | 8.8% |
| 2020 | $0.90 | -34.8% | 4 | $-3.83 | — | — | 11.0% |
| 2019 | $1.38 | 15.0% | 4 | $2.65 | 52.1% | 1.92x | 16.8% |
| 2018 | $1.20 | -38.5% | 4 | $2.77 | 43.3% | 2.31x | 14.6% |
| 2017 | $1.95 | -26.4% | 4 | $0.95 | 205.3% | 0.49x | 23.8% |
Full PAA Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See PAA's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs PAA Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare PAA vs XOM
Side-by-side business, growth, and profitability comparison vs Exxon Mobil Corporation.
Start ComparisonPAA — Frequently Asked Questions
Quick answers to the most common questions about buying PAA stock.
How much dividend does PAA pay per share?
Plains All American Pipeline, L.P. (PAA) pays a trailing 12-month dividend of $1.27 per share, with a current dividend yield of +5.7%. Payments are made Semi-Annual.
When is PAA's next ex-dividend date?
PAA's most recent ex-dividend date is N/A. You must own shares before the ex-dividend date to receive the next payment. PAA typically pays dividends Semi-Annual.
Is PAA's dividend safe?
PAA's dividend safety is rated "Sustainable" based on an earnings payout ratio of +1.2% and FCF payout ratio of +36.5%. The 4-year growth streak provides moderate confidence.
Is PAA a Dividend Payer?
Yes, Plains All American Pipeline, L.P. is classified as a Dividend Payer with 4 consecutive years of dividend increases. The 5-year dividend CAGR is +11.1%, demonstrating above-inflation dividend growth.
How often does PAA pay dividends?
Plains All American Pipeline, L.P. pays dividends Semi-Annual. The trailing 12-month total is $1.27 per share. Dividend data on this page covers 27+ years from 1999 to 2026.
How much would $10,000 invested in PAA grow with dividend reinvestment?
With dividends reinvested (DRIP), $10,000 invested in PAA five years ago would be worth approximately $29,570 today. This includes both price appreciation and compounded dividend reinvestment. Use the DRIP calculator above for other time periods.
What is PAA's yield on cost for long-term holders?
PAA's yield on cost — the current dividend divided by the original purchase price — is +18.5% for a 5-year holding period. This means long-term holders earn a higher effective yield than today's +5.7% market yield, thanks to consistent dividend growth.