Pembina declares common share dividend for January

Pembina Pipeline Corporation has announced that its Board of Directors declared a common share cash dividend for January 2015 of CAN$0.145 per share to be paid, subject to applicable law, on 13 February 2015 to shareholders of record on 25 January 2015.

For shareholders receiving their common share dividends in US funds, the January 2015 cash dividend is expected to be approximately US$0.1228 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.8466. 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.

Pembina's Board of Directors also declared quarterly dividends on the company's preferred shares: Series 1, 3, 5 and 7. All preferred share dividends are payable on 1 March 2015 to shareholders of record on 1 February 2015. These 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.

Adapted from press release by Rosalie Starling

Read the article online at: https://www.worldpipelines.com/business-news/14012015/pembina-declares-common-share-dividend-for-january-41/