Stock & Dividend

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 Data

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
Aug 08, 2024 Sep 16, 2024 Sep 16, 2024 Sep 27, 2024 $0.69
May 09, 2024 Jun 17, 2024 Jun 17, 2024 Jun 28, 2024 $0.69
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 May 29, 2024, the ex-dividend date is the same date as the dividend record date. Shareholders who purchased shares before the ex-dividend date will receive the common share dividend paid in the same quarter.

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

Pembina's TSX listed preferred shares are summarized in the table below:
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 6.814 percent per annum, for the initial fixed rate period to but excluding June 1, 2029 $25.00 Cumulative redeemable rate reset class A 1st day of March, June, September and December June 1, 2029 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 7.669 percent per annum, for the three-month floating rate period to but excluding December 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
(1) Should the dividend payment date fall on a weekend or statutory holiday, the dividend will be paid the following business day.

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. 

Related Documents

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.