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Pembina Pipeline (PBA) declares $0.137/share monthly dividend, in line with previous. Forward...

Pembina Pipeline (PBA) declares $0.137/share monthly dividend, in line with previous. Forward yield 5.58%. For shareholders of record Jan. 25. Payable Feb. 15. Ex-div date Jan. 23. (PR)
Comments (1)
  • rocketman3
    , contributor
    Comments (27) | Send Message
     
    The report of Pembina's declaration of its monthly dividend is not quite correct. While the exchange rate may provide a monthly dividend per share of 0.137 cents to US investors, the company did not declare that as its dividend. Under the PPL (Cdn.) symbol and the PBA (US symbol), Pembina declares its monthly dividend as 0.135 cents per share. Kindly read below the company's January 8 statement on its dividend:

     

    CALGARY, Jan. 8, 2013 /PRNewswire/ - The Board of Directors of Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL);(NYSE: PBA) has declared a January 2013 cash dividend of $0.135 per share to be paid, subject to applicable law, on February 15, 2013 to shareholders of record on January 25, 2013. This dividend is designated an "eligible dividend" for Canadian income tax purposes. For non-resident shareholders, Pembina's dividends are considered "qualified dividends" and are subject to Canadian withholding tax.

     

    For shareholders receiving their dividends in U.S. funds, the January 2013 cash dividend will be approximately U.S.$0.137 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 1.0142. The actual U.S. dollar dividend will depend on the Canadian/U.S. dollar exchange rate on the payment date and will be subject to applicable withholding taxes.
    9 Jan 2013, 12:17 PM Reply Like
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