Pembina Pipeline announces December 2014 dividend
Published by Rosalie Starling,
Editor - Hydrocarbon Engineering
World Pipelines,
The Board of Directors of Pembina Pipeline Corporation has declared a common share cash dividend for December 2014 of CAN$0.145 per share to be paid, subject to applicable law, on 15 January 2015 to shareholders of record on 31 December 2014. 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 are subject to Canadian withholding tax.
For shareholders receiving their common share dividends in US funds, the December 2014 cash dividend is expected to be approximately US$0.1269 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of $0.8755. 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.
Adapted from press release by Rosalie Starling
Read the article online at: https://www.worldpipelines.com/business-news/10122014/pembina-pipeline-announces-december-2014-dividend-1116/
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