The Company is engaged in the transportation, storage, terminalling and marketing of crude oil, refined products and liquefied petroleum gas and other natural gas-related petroleum products.
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The company seems to have a solid balance sheet with good cash flow generation, gives a 4.8% yield and has increased its dividend 32 of the past 34 quarters. Over that time period, the dividend CAGR was 7.5% and PAA is targeting 7%-8% increase for next year (2013).