Post by
Ariahp on Nov 08, 2024 4:01pm
SOBO Canadian Dividend Equivalent ($$)
Yesterday, 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.