Pembina Pipeline Corporation (Pembina) has recently announced that it declared a common share cash dividend for January 2017 of CAN$0.16 per share. Subject to applicable law, the amount is to be paid on 15 February 2017 to shareholders of record on 25 January 2017.
For shareholders receiving their common share dividends in US funds, the January 2017 dividend is expected to be approximately US$0.1202 per share before deduction of any applicable Canadian withholding tax. This prediction has based on a currency exchange rate of 0.7514.
The actual US dollar dividend will depend on the Canadian/U.S. dollar exchange rate on the payment date.
Pembina has also declared its quarterly dividends for its preferred shares Series 1, 3, 5, 7, 9, 11 and 13. All preferred share dividends are payable on 1 March 2017 to shareholders of record on 1 February 2017.
Read the article online at: https://www.worldpipelines.com/business-news/06012017/pembina-declares-share-dividends/