Pembina Pipeline to pay 16-cent dividend June 15 Pembina Pipeline to pay 16-cent dividend June 15
2016-05-05 16:17 ET - News Release
An anonymous director reports
PEMBINA PIPELINE CORPORATION DECLARES MAY 2016 COMMON SHARE DIVIDEND
Pembina Pipeline Corp. will pay a common share cash dividend for May, 2016, of 16 cents per share to be paid, subject to applicable law, on June 15, 2016, to shareholders of record on May 25, 2016. This dividend is designated an eligible dividend for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends should be considered qualified dividends and may be subject to Canadian withholding tax.
For shareholders receiving their common share dividends in United States funds, the May, 2016, cash dividend is expected to be approximately 12.45 U.S. cents per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.7780. The actual U.S.-dollar dividend will depend on the Canadian-to-U.S.-dollar exchange rate on the payment date and will be subject to applicable withholding taxes.
Confirmation of record and payment date policy
Pembina pays cash dividends on its common shares in Canadian dollars on a monthly basis to shareholders of record on the 25th calendar day of each month (except for the December record date, which is Dec. 31), if, as and when determined by the board of directors. Should the record date fall on a weekend or a statutory holiday, the effective record date will be the previous business day. The dividend payment date is the 15th of the month following the record date. Should the payment date fall on a weekend or on a holiday, the business day prior to the weekend or holiday becomes the payment date.