The Board of Directors of Pembina Pipeline Corporation has declared a common share cash dividend for December 2014 of CAN$0.145 per share to be paid, subject to applicable law, on 15 January 2015 to shareholders of record on 31 December 2014. This dividend is designated an ºÚÁÏÉç˜eligible dividendºÚÁÏÉç™ for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends should be considered ºÚÁÏÉç˜qualified dividendsºÚÁÏÉç™ and are subject to Canadian withholding tax.
For shareholders receiving their common share dividends in US funds, the December 2014 cash dividend is expected to be approximately US$0.1269 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of $0.8755. 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 by