News Spotlight: Pembina Pipeline Corporation (NYSE:PBA)

James Blair

On Friday Pembina Pipeline Corporation  (NYSE:PBA) remained among the day gainers and traded with change of 0.4% on volume of 865681 shares in the last session as compared to average volume of 794708 shares. During last trade its minimum price was $35.25 and it gained highest price of $35.85. PBA has total market capitalization of $24025672500. Its closing value stands at $35.57.

On Nov. 8, 2019, Pembina Pipeline Corporation  (NYSE:PBA) reported that its Board of Directors declared a common share cash dividend for November 2019 of $0.20 per share to be paid, subject to applicable law, on December 13, 2019 to shareholders of record on November 25, 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 November 2019 cash dividend is expected to be approximately U.S. $0.1518 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.7590. 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.

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