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Pembina Pipeline Corporation Declares Increased Common Share Dividend
Pembina Pipeline Corporation Declares Increased Common Share Dividend Canada NewsW...
About this update from Pembina Pipeline Corporation
[{"type":"text","content":"\n\n\n\nPembina Pipeline Corporation Declares Increased Common Share Dividend\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, May 2, 2019\n\n\n\nCALGARY, May 2, 2019 /CNW/ - Pembina Pipeline Corporation (\"Pembina\" or the \"Company\") (TSX: PPL; NYSE: PBA) announced today that its Board of Directors approved a 5.3 percent increase in its monthly common share dividend rate, from $0.19 per common share to $0.20 per common share, and declared a monthly dividend for May 2019 of $0.20 per share to be paid, subject to applicable law, on June 14, 2019 to shareholders of record on May 24, 2019. 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. \n\"With the continued strength of our business and financial position, we are pleased to announce this increase to our monthly common share dividend. This is the eighth consecutive year of increasing the dividend and we are extremely proud of the value we have been able to return to shareholders, reinforcing our commitment to provide our investors with sustainable cash flow and dividend per share growth\", stated Scott Burrows, Pembina's Senior Vice President and Chief Financial Officer.\nFor shareholders receiving their common share dividends in U.S. funds, the May 2019 cash dividend is expected to be approximately U.S. $0.1491 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.7454. The actual U.S. dollar dividend will depend on the Canadian/U.S. dollar exchange rate on the payment date and will be subject to applicable withholding taxes.\nConfirmation of Record and Payment Date Policy\nPembina 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 December 31st), if, as and when determined by the Board of Directors. Should ...