TSX: PPL >>0
NYSE: PBA >> 0
at 02:06 Aug 04,2020
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.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 Data

Historical common share dividends

Historical trust unit distributions 

2020 Common Share Dividends

Declaration Date1 Ex-Dividend Date2 Record Date3 Payment Date4 Amount per Share
Jul 06, 2020 Jul 23, 2020 Jul 24, 2020 Aug 14, 2020 $0.21
Jun 03, 2020 Jun 24, 2020 Jun 25, 2020 Jul 15, 2020 $0.21
May 07, 2020 May 22, 2020 Canada May 25, 2020 Jun 15, 2020 $0.21
May 07, 2020 May 21, 2020 USA May 25, 2020 Jun 15, 2020 $0.21
Apr 06, 2020 Apr 23, 2020 Apr 24, 2020 May 15, 2020 $0.21
Mar 04, 2020 Mar 24, 2020 Mar 25, 2020 Apr 15, 2020 $0.21
Feb 05, 2020 Feb 24, 2020 Feb 25, 2020 Mar 13, 2020 $0.21
Jan 09, 2020 Jan 23, 2020 Jan 24, 2020 Feb 14, 2020 $0.21

2019 Common Share Dividends

Declaration Date1 Ex-Dividend Date2 Record Date3 Payment Date4 Amount per Share
Dec 04, 2019 Dec 30, 2019 Dec 31, 2019 Jan 15, 2020 $0.20
Nov 08, 2019 Nov 22, 2019 Nov 25, 2019 Dec 13, 2019 $0.20
Oct 04, 2019 Oct 24, 2019 Oct 25, 2019 Nov 15, 2019 $0.20
Sep 10, 2019 Sep 24, 2019 Sep 25, 2019 Oct 15, 2019 $0.20
Aug 07, 2019 Aug 22, 2019 Aug 23, 2019 Sep 13, 2019 $0.20
Jul 11, 2019 Jul 24, 2019 Jul 25, 2019 Aug 15, 2019 $0.20
Jun 06, 2019 Jun 24, 2019 Jun 25, 2019 Jul 15, 2019 $0.20
May 02, 2019 May 23, 2019 May 24, 2019 Jun 14, 2019 $0.20
Apr 09, 2019 Apr 24, 2019 Apr 25, 2019 May 15, 2019 $0.19
Mar 06, 2019 Mar 22, 2019 Mar 25, 2019 Apr 15, 2019 $0.19
Feb 06, 2019 Feb 22, 2019 Feb 25, 2019 Mar 15, 2019 $0.19
Jan 07, 2019 Jan 24, 2019 Jan 25, 2019 Feb 15, 2019 $0.19

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. 

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     4.906 percent per annum for the five-year fixed rate period to but excluding December 1, 2023     $25.00 Cumulative redeemable rate reset class A     1st day of March, June, September and December     December 1, 2023 and on December 1 of every fifth year thereafter    
 
Prospectus Supplement
Series 3 PPL.PR.C 4.478 percent per annum for the five-year fixed rate period to but excluding March 1, 2024     $25.00 Cumulative redeemable rate reset class A     1st day of March, June, September and December     March 1, 2024 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 4.75 percent per annum, for the initial fixed rate period to but excluding December 1, 2020 $25.00 Cumulative redeemable rate reset class A 1st day of March, June, September and December December 1, 2020 and on December 1 of every fifth year thereafter Prospectus Supplement
Series 11 PPL.PR.K 5.75 percent per annum, for the initial fixed rate period to but excluding March 1, 2021 $25.00 Cumulative redeemable minimum rate reset class A 1st day of March, June, September and December March 1, 2021 and on March 1 of every fifth year thereafter Prospectus Supplement
Series 13 PPL.PR.M 5.75 percent per annum, for the initial fixed rate period to but excluding June 1, 2021 $25.00 Cumulative redeemable minimum rate reset class A 1st day of March, June, September and December June 1, 2021 and on June 1 of every fifth year thereafter Prospectus Supplement
Series 15 PPL.PR.O 4.464 percent per annum, for the five-year fixed rate period to but excluding September 30, 2022 $25.00 Cumulative redeemable rate reset class A Last day of March, June, September and December September 30, 2022 and on September 30 of every fifth year thereafter Prospectus Supplement
Series 17 PPL.PR.Q  4.821 percent per annum, for the five-year fixed rate period to but excluding March 21, 2024 $25.00 Cumulative redeemable rate reset class A Last day of March, June, September and December March 31, 2024 and on March 31 of every fifth year thereafter Prospectus Supplement
Series 19 PPL.PR.S 5.00 percent per annum, for the initial fixed rate period to but excluding June 30, 2020 $25.00 Cumulative redeemable rate reset class A Last day of March, June, September and December June 30, 2020 and on June 30 of every fifth year thereafter Prospectus Supplement
Series 21 PPL.PF.A 4.90 percent per annum, for the initial fixed rate period to but excluding March 1, 2023 $25.00 Cumulative redeemable minimum rate reset class A 1st day of March, June, September and December March 1, 2023 and on March 1 of every fifth year thereafter Prospectus Supplement
Series 23 PPL.PF.C 5.25 percent per annum, for the initial fixed rate period to but excluding November 15, 2022  $25.00 Cumulative redeemable minimum rate reset class A Fifteenth day of February, May, August and November November 15, 2022 and on November 15 of every fifth year thereafter Prospectus Supplement
Series 25 PPL.PF.E 5.20 percent per annum, for the initial fixed rate period to but excluding February 15, 2023  $25.00 Cumulative redeemable minimum rate reset class A Fifteenth day of February, May, August and November February 15, 2023 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.