Stock & Dividend
Stock Chart
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.K, PPL.PR.M, PPL.PR.O, PPL.PR.Q, PPL.PR.S, PPL.PF.A, PPL.PF.C and PPL.PF.E.
Common Share Dividends
Pembina pays cash dividends on its common shares in Canadian dollars on a monthly basis to shareholders of record on the 25th calendar day of each month (except for the December record date, which is December 31st), 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 previous business day. Common share dividends are payable on the 15th day of the month following the record date. Should the dividend payment date fall on a weekend or statutory holiday, the dividend will be paid the preceding 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 trust unit distributions
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 15th of the month and if the 15th falls on a weekend or on a holiday the business day prior to the weekend or holiday becomes the payment date.
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.
DRIP Pricing Calendar
| Record Date | Payment Date | Dividend per Common Share | Premium DRIP (101% of Dividend) | Weighted Average Share Price | Regular DRIP 3% Discount |
|---|---|---|---|---|---|
| 03/25/2017 | 04/15/2017 | $0.16 | $0.161600 | $42.9948 | $41.7050 |
| 02/25/2017 | 03/15/2017 | $0.16 | $0.161600 | $43.0781 | $41.7858 |
| 01/25/2017 | 02/15/2017 | $0.16 | $0.161600 | $40.7868 | $39.5632 |
| 12/25/2016 | 01/15/2017 | $0.16 | $0.161600 | $41.9292 | $40.6713 |
| 11/25/2016 | 12/15/2016 | $0.16 | $0.161600 | $39.8458 | $38.6504 |
| 10/25/2016 | 11/15/2016 | $0.16 | $0.161600 | $39.9331 | $38.7351 |
| 09/25/2016 | 10/15/2016 | $0.16 | $0.161600 | $39.9744 | $38.7752 |
| 08/25/2016 | 09/15/2016 | $0.16 | $0.161600 | $39.5022 | $38.3171 |
| 07/25/2016 | 08/15/2016 | $0.16 | $0.161600 | $38.6007 | $37.4427 |
| 06/25/2016 | 07/15/2016 | $0.16 | $0.161600 | $39.5183 | $38.3328 |
| 05/25/2016 | 06/15/2016 | $0.16 | $0.161600 | $39.3718 | $38.1906 |
| 04/25/2016 | 05/15/2016 | $0.16 | $0.161600 | $37.2689 | $36.1508 |
| 03/25/2016 | 04/15/2016 | $0.1525 | $0.154025 | $34.5947 | $33.5569 |
| 02/25/2016 | 03/15/2016 | $0.1525 | $0.154025 | $33.9106 | $32.8933 |
| 01/25/2016 | 02/15/2016 | $0.1525 | $0.154025 | $30.8919 | $29.9651 |
Preferred Shares
Preferred share dividend calendars
Convertible Unsecured Subordinated Debentures
| TSX Symbol and Date Issued | Interest Rate per Annum | Original Issue Amount (millions) |
Maturity Date | Conversion Privilege for each $1,000 principal amount converted | Related Documents |
|---|---|---|---|---|---|
| PPL.DB.F April 29, 2011 |
5.75% per annum payable semi-annually: June 30 and December 31 | $172.5 | December 31, 2018 | $29.53 / common share | Prospectus |
Dec 31, 2018 Maturity Notice
Note:
Pursuant to a Plan of Arrangement under the Business Corporations Act (Alberta) which closed on April 2, 2012, Pembina completed the acquisition of Provident Energy Ltd. and assumed all of the rights and obligations related to the Provident convertible debentures, which are now traded on the TSX under the symbol PPL.DB.F.