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Pembina Pipeline announces July 2019 common and preferred stock dividends for quarter.

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Global Banking News-July 11, 2019-Pembina Pipeline announces July 2019 common and preferred stock dividends for quarter

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The board of directors of Pembina Pipeline Corporation (TSX:PPL) (NYSE:PBA) has approved a common stock cash dividend of CAD0.20 per share for July 2019, the company revealed on Wednesday.

This dividend will be paid on 15 August 2019 to shareholders of record as on 25 July 2019. The dividend is designated as "eligible" for Canadian income tax purposes. For non-resident shareholders, the dividend should be considered as "qualified" and may be subject to Canadian withholding tax.

Also, the company said that for shareholders receiving their dividends in US dollars, the July 2019 cash dividend will be about USD0.1524 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.7618. The actual dividend amount will depend on the CAD/USD exchange rate on the payment date and will be subject to applicable withholding taxes.

Additionally, the board of directors authorised quarterly dividends on the company's preferred shares series 1 (PPL.PR.A), 3 (PPL.PR.C), 5 (PPL.PR.E), 7 (PPL.PR.G), 9 (PPL.PR.I), 11 (PPL.PR.K), 13 (PPL.PR.M), 15 (PPL.PR.O), 17 (PPL.PR.Q), 19 (PPL.PR.S) and 21 (PPL.PF.A) of...

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