Pembina Pipeline Declares June Dividend
Midstream operator Pembina Pipeline announced yesterday its monthly dividend for June 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" subject to Canada's withholding tax.
The June dividend for U.S. shareholders will be $0.132 per share based on a currency exchange rate of 0.9768.
The board of directors said the dividend is payable on July 15 to the holders of record at the close of business on June 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 5.1% based on the closing price of Pembina Pipeline's stock on June 6.
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