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Pembina Pipeline Corporation Declares January 2020 Common Share Dividend, Quarterly Preferred Share Dividend and Announces Fourth Quarter 2019 Results Conference Call and Webcast
Pembina Pipeline Corporation Declares January 2020 Common Share Dividend, Quarterly Prefer...
About this update from Pembina Pipeline Corporation
[{"type":"text","content":"\n\n\n\nPembina Pipeline Corporation Declares January 2020 Common Share Dividend, Quarterly Preferred Share Dividend and Announces Fourth Quarter 2019 Results Conference Call and Webcast\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.prngen2{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prngen3{\nBORDER-TOP:1pt; BORDER-RIGHT:1pt; VERTICAL-ALIGN: BOTTOM; BORDER-BOTTOM:black 1pt solid; TEXT-ALIGN: RIGHT; PADDING-LEFT:0.50em; BORDER-LEFT:1pt; PADDING-RIGHT:0.50em\n}\n.prntblns{\nBORDER-TOP: 1pt; BORDER-RIGHT: 1pt; BORDER-COLLAPSE: collapse; BORDER-BOTTOM: 1pt; BORDER-LEFT: 1pt\n}\n\n\n\n\n\n\n\nCanada NewsWire\nCALGARY, Jan. 9, 2020\n\n\n\nCALGARY, Jan. 9, 2020 /CNW/ - Pembina Pipeline Corporation (\"Pembina\" or the \"Company\") (TSX: PPL; NYSE: PBA) announced today that its Board of Directors has declared a common share cash dividend for January 2020 of $0.21 per share to be paid, subject to applicable law, on February 14, 2020 to shareholders of record on January 24, 2020. As previously announced, Pembina's Board of Directors approved a $0.01 per share increase to its monthly common share dividend rate to $0.21 per share, subject to closing of the acquisition of Kinder Morgan Canada Limited and the U.S. portion of the Cochin Pipeline system, which occurred on December 16, 2019. The common share dividends are designated \"eligible dividends\" 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.\nFor shareholders receiving their common share dividends in U.S. funds, the January 2020 cash dividend is expected to be approximately U.S. $0.1612 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.7677. 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.\nPembina's Board of Dire...