Pembina Pipeline Corp. has reported that its Board of Directors declared a common share cash dividend for June 2016 of CAN$0.16 per share. This is to be paid, subject to applicable law, on 15 July 2016 to shareholders of record on 24 June 2016. 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.
For shareholders receiving their common share dividends in US currency, the June 2016 cash dividend is anticipated to be approximately US$0.1249 per share. This is prior to deduction of any applicable Canadian withholding tax and is founded on a currency exchange rate of 0.7808.
Edited from press release by Angharad Lock
Read the article online at: https://www.worldpipelines.com/business-news/08062016/pembina-pipeline-corp-declares-june-2016-common-share-dividend-199/