South Bow Corp T.SOBO

Alternate Symbol(s): SOBO

Energy Oil & Gas Midstream

South Bow Corp is a strategic liquids pipeline company. It is a new liquids-focused midstream infrastructure company. The Company connects Canadian crude oil supply to the strongest demand and refining markets in the United States Midwest and Gulf Coast. Its pipeline infrastructure, approximately 4,900 kilometers (km) (3,000 m), connects Alberta crude oil supplies to United States refining markets in Illinois, Oklahoma and the United States Gulf Coast. The Canadian portion of the pipeline runs from Hardisty, Alberta, east through Manitoba where it turns south and crosses the border into North Dakota. In Alberta, its Grand Rapids Pipeline System (460 kilometers/287 mi) connects producing areas northwest of Fort McMurray, to terminals in the Edmonton/Heartland regions, including the TransMountain Terminal. Its White Spruce Pipeline System (72 km/45 mi) transports crude oil produced at the Canadian Natural Resources Limited Horizon Oil Sands Facility to the Grand Rapids Pipeline.

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South Bow Corp

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Post by Ariahpon Nov 14, 2024 12:28pm

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Post# 36313002

SOBO Canadian Dividend Explained

South Bow declared its inaugural quarterly dividend of US$0.50/share, payable on January 31, 2025, to shareholders of record at the close of business on December 31, 2024 (dividend record date).

Shareholders with Canadian accounts will receive their dividend in C$ based on an applicable exchange rate as at the dividend record date. In short, this means that the dividends paid in C$ may vary quarter-to-quarter.

The annual equivalent of the declared dividend is US$2.00/share and based on yesterday’s Bank of Canada C$/US$ closing daily exchange rate (1.3866), the annual equivalent would be approximately C$2.77/share.

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