Stock & Dividend
Stock Exchange Symbols
Common shares of Pembina Pipeline Corporation are listed on the TSX under the symbol PPL and on the NYSE under the symbol PBA.
Preferred shares of Pembina Pipeline Corporation are listed on the TSX under the symbols PPL.PR.A, PPL.PR.C, PPL.PR.E, PPL.PR.G, PPL.PR.I, PPL.PR.O, PPL.PR.Q, PPL.PR.S, PPL.PF.A, PPL.PF.B and PPL.PF.E.
Common Share Dividends
Pembina pays cash dividends on its common shares in Canadian dollars on a quarterly basis, on the last business day of March, June, September, and December to shareholders of record on the 15th day of the corresponding month, as and when determined by the Board of Directors. Should the record date fall on a weekend or a statutory holiday, the effective record date will be the next succeeding business day.
Pembina Pipeline Corporation advises shareholders that all common share dividends paid will be designated as "eligible dividends" for Canadian income tax purposes, unless Pembina otherwise notifies its shareholders.
Historical common share dividends
Historical preferred share dividends
Historical trust unit distributions
2024 Common Share Dividends
| Declaration Date1 | Ex-Dividend Date2 | Record Date3 | Payment Date4 | Amount per Share |
|---|---|---|---|---|
| Feb 22, 2024 | Mar 14, 2024 | Mar 15, 2024 | Mar 28, 2024 | $0.6675 |
2023 Common Share Dividends
| Declaration Date1 | Ex-Dividend Date2 | Record Date3 | Payment Date4 | Amount per Share |
|---|---|---|---|---|
| Nov 02, 2023 | Dec 14, 2023 | Dec 15, 2023 | Dec 29, 2023 | $0.6675 |
| Aug 03, 2023 | Sep 14, 2023 | Sep 15, 2023 | Sep 29, 2023 | $0.6675 |
| May 04, 2023 | Jun 14, 2023 | Jun 15, 2023 | Jun 30, 2023 | $0.6675 |
| Feb 23, 2023 | Mar 14, 2023 | Mar 15, 2023 | Mar 31, 2023 | $0.6525 |
1. Declaration date is minimum five business days before ex-dividend date.
2. As of September 5, 2017, the ex-dividend date is one business day before the dividend record date. Shareholders who purchased shares before the ex-dividend date will receive the common share dividend paid in the following month.
3. Shareholders on record by this date will qualify for the next cash common share dividend. To be on record by this date, investors must have purchased shares by the ex-dividend date so enrolment information has time to reach the transfer agency that manages dividends.
4. Payment date is the last business day of March, June, September, and December.
Preferred Shares
| Issue and TSX Symbol | Interest Rate per Annum | Par and Description | Dividend Dates | Redemption Dates | Related Documents |
|---|---|---|---|---|---|
| Series 1 PPL.PR.A | 6.525 percent per annum for the five-year fixed rate period to but excluding December 1, 2028 | $25.00 Cumulative redeemable rate reset class A | 1st day of March, June, September and December | December 1, 2028 and on December 1 of every fifth year thereafter |
Prospectus Supplement |
| Series 3 PPL.PR.C | 6.019 percent per annum for the five-year fixed rate period to but excluding March 1, 2029 | $25.00 Cumulative redeemable rate reset class A | 1st day of March, June, September and December | March 1, 2029 and on March 1 of every fifth year thereafter |
Prospectus Supplement |
| Series 5 PPL.PR.E | 4.573 percent per annum, for the initial fixed rate period to but excluding June 1, 2024 | $25.00 Cumulative redeemable rate reset class A | 1st day of March, June, September and December | June 1, 2024 and on June 1 of every fifth year thereafter | Prospectus Supplement |
| Series 7 PPL.PR.G | 4.38 percent per annum, for the five-year fixed rate period to but excluding December 1, 2024 | $25.00 Cumulative redeemable rate reset class A | 1st day of March, June, September and December | December 1, 2024 and on December 1 of every fifth year thereafter | Prospectus Supplement |
| Series 9 PPL.PR.I | 4.302 percent per annum, for the five-year fixed rate period to but excluding December 1, 2025 | $25.00 Cumulative redeemable rate reset class A | 1st day of March, June, September and December | December 1, 2025 and on December 1 of every fifth year thereafter | Prospectus Supplement |
| Series 15 PPL.PR.O | 6.164 percent per annum, for the five-year fixed rate period to but excluding September 30, 2027 | $25.00 Cumulative redeemable rate reset class A | Last day of March, June, September and December | September 30, 2027 and on September 30 of every fifth year thereafter | Prospectus Supplement |
| Series 17 PPL.PR.Q | 6.605 percent per annum, for the five-year fixed rate period to but excluding March 31, 2029 | $25.00 Cumulative redeemable rate reset class A | Last day of March, June, September and December | March 31, 2029 and on March 31 of every fifth year thereafter | Prospectus Supplement |
| Series 19 PPL.PR.S | 4.684 percent per annum, for the initial fixed rate period to but excluding June 30, 2025 | $25.00 Cumulative redeemable rate reset class A | Last day of March, June, September and December | June 30, 2025 and on June 30 of every fifth year thereafter | Prospectus Supplement |
| Series 21 PPL.PF.A | 6.302 percent per annum, for the five-year fixed rate period to but excluding March 1, 2028 | $25.00 Cumulative redeemable minimum rate reset class A | 1st day of March, June, September and December | March 1, 2028 and on March 1 of every fifth year thereafter | Prospectus Supplement |
| Series 22 PPL.PF.B | 8.291 percent per annum, for the three-month floating rate period to but excluding June 1, 2024 | $25.00 Cumulative redeemable minimum rate reset class A | 1st day of March, June, September and December | March 1, 2028 and on March 1 of every fifth year thereafter | Prospectus Supplement |
| Series 25 PPL.PF.E | 6.481 percent per annum, for the five-year fixed rate period to but excluding February 15, 2028 | $25.00 Cumulative redeemable minimum rate reset class A | Fifteenth day of February, May, August and November | February 15, 2028 and on February 15 of every fifth year thereafter | Prospectus Supplement |
Preferred share dividend calendars
Premium Dividend & Dividend Reinvestment Plan
On March 7, 2017, Pembina announced that it's Board of Directors had suspended, until further notice, its Premium Dividend™ and Dividend Reinvestment Plan ("DRIP"), effective April 25, 2017. Accordingly, the March 2017 dividend will be the last divided to be reinvested through the DRIP and dividends starting in respect of the April 2017 dividend, payable on May 15, 2017 to shareholders of record on April 25, 2017, will not be reinvested through the DRIP. Shareholders who were enrolled in the program will automatically receive dividend payments in the form of cash. If Pembina elects to reinstate the DRIP in the future, shareholders that were enrolled in the DRIP at suspension and remained enrolled at reinstatement will automatically resume participation in the DRIP.
Pembina elected to suspend its DRIP in light of the near-term completion of the largest capital spending program in its history and the strength of its balance sheet. These projects are largely underpinned by long-term, fee-for-service contracts, which supports the Company's ability to internally fund new capital projects going forward, without further equity investment, and continue generating sustainable shareholder value on a per share basis.
™denotes trademark of Canaccord Genuity Corp.
The information provided on this webpage is for information purposes only, is not exhaustive and should not be construed as investment advice.
The information provided on this webpage is for information purposes only, is not exhaustive and should not be construed as investment advice.
Effective March 31, 2014, DTC has advised CDS that they will no longer be supporting the DRIP for Canadian securities. If you are a United States shareholder and wish to continue to participate in Pembina's DRIP, please contact your broker, investment dealer, financial institution or other nominee through which you hold your Pembina shares to discuss options for your DRIP participation.