Pembina Pipeline Corporation (Pembina) has announced that its Board of Directors declared a common share cash dividend for March 2016 of CAN$0.1525 per share to be paid, subject to applicable law, on 15 April 2016 to shareholders of record on 24 March 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 funds, the March 2016 cash dividend is expected to be approximately US$0.1152 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.7555. The actual US dollar dividend will depend on the Canadian/US dollar exchange rate on the payment date and will be subject to applicable withholding taxes.
Edited from source by Stephanie Roker
Read the article online at: https://www.worldpipelines.com/business-news/10032016/pembinas-march-common-share-dividend/