Business

Pembina Pipeline Corporation (NYSE:PBA) declared a common share cash dividend for December 2019 of $0.20 per share

On Wednesday Pembina Pipeline Corporation (NYSE:PBA) started its trading session with the price $34.67 and closed at price of $34.51 by scoring 0.7%. Day range of the stock was $34.41 – $34.72. PBA stock traded with total volume of 990582 shares while the average trading capacity remained 748788 shares.  Earnings per share was $1.97. PBA has total market capitalization of $23264166097.

On Dec. 04, 2019, Pembina Pipeline Corporation (NYSE:PBA) declared that its Board of Directors declared a common share cash dividend for December 2019 of $0.20 per share to be paid, subject to applicable law, on January 15, 2020 to shareholders of record on December 31, 2019. 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 U.S. funds, the December 2019 cash dividend is expected to be approximately U.S. $0.1504 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.7518. 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.

Confirmation of Record and Payment Date Policy

Pembina pays cash dividends on its common shares in Canadian dollars on a monthly basis to shareholders of record on the 25th calendar day of each month (except for the December record date, which is December 31st), if, as and when determined by the Board of Directors. Should the record date fall on a weekend or a statutory holiday, the effective record date will be the previous business day. The dividend payment date is the 15th of the month following the record date. Should the payment date fall on a weekend or on a holiday the business day prior to the weekend or holiday becomes the payment date.

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