Pembina Pipeline Declares May Dividend

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Midstream operator Pembina Pipeline  announced yesterday its monthly dividend for May of $0.135 per share, which 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.

The May dividend for U.S. shareholders will be $0.134 per share based on a currency exchange rate of 0.9893.

The board of directors said the quarterly dividend is payable on June 14 to the holders of record at the close of business on May 25.  Pembina has paid monthly dividends since October 2010 and has increased them every year.


The current dividend payment equates to a $1.62-per-share annual dividend yielding 4.8% based on the closing price of Pembina Pipeline's stock on May 13.

PBA Dividend Chart

PBA Dividend data by YCharts

The article Pembina Pipeline Declares May Dividend originally appeared on Fool.com.

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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