Pembina Pipeline Corporation (Pembina) has recently announced that its board of directors has declared a common share cash dividend for September 2016 of CAN$0.16 per share. This is set to be paid to shareholders on record on 25 September, subject to applicable law, on 15 October.
The dividend is designated an Â鶹´«Ã½Ó³»˜eligible dividendÂ鶹´«Ã½Ó³»™ for Canadian income tax purposes. For nonresident shareholders, Pembina's common share dividends should be considered Â鶹´«Ã½Ó³»˜qualified dividendsÂ鶹´«Ã½Ó³»™ and may be subject to Canadian withholding tax.
For shareholders receiving their common share dividends in US funds, the September 2016 cash dividend is expected to be approximately US$0.1240 per share Â鶹´«Ã½Ó³»“ before deduction of any applicable Canadian withholding tax Â鶹´«Ã½Ó³»“ based on an exchange rate of 0.7752. 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 byÂ