In­ter Pipe­line in­creases div­i­dend to 14.25 cents

Stockwatch Daily - - ENERGY - Mr. Chris­tian Bayle re­ports

IN­TER PIPE­LINE Ltd.’s board of di­rec­tors has ap­proved a 1.8-per-cent in­crease to the com­pany’s monthly cash div­i­dend from 14 cents to 14.25 cents per share. In­ter Pipe­line has in­creased its div­i­dend for 10 con­sec­u­tive years.

On an an­nu­al­ized ba­sis, div­i­dends will in­crease by three cents per share from $1.68 to $1.71. Share­hold­ers of record as of Nov. 22, 2018, will be el­i­gi­ble for In­ter Pipe­line’s new monthly div­i­dend rate of 14.25 cents per share, with pay­ment ex­pected on or about Dec. 14, 2018. In­ter Pipe­line’s div­i­dend pay­ments to share­hold­ers are des­ig­nated as el­i­gi­ble div­i­dends for Cana­dian tax pur­poses.

“Over the past decade, In­ter Pipe­line has pro­vided re­li­able div­i­dend growth for its share­hold­ers while main­tain­ing a con­ser­va­tive pay­out ra­tio and strong bal­ance sheet,” com­mented Chris­tian Bayle, pres­i­dent and chief ex­ec­u­tive of­fi­cer. “This div­i­dend in­crease demon­strates our con­tin­ued con­fi­dence in In­ter Pipe­line’s fu­ture de­spite the chal­leng­ing times faced by Canada’s en­ergy in­dus­try.”

Since in­cep­tion, In­ter Pipe­line has dis­trib­uted ap­prox­i­mately $5.0-bil­lion in cash pay­ments to in­vestors.

About In­ter Pipe­line Ltd.

In­ter Pipe­line is a ma­jor petroleum trans­porta­tion, nat­u­ral gas liq­uids pro­cess­ing and bulk liq­uid stor­age busi­ness based in Cal­gary, Alta., Canada. In­ter Pipe­line owns and op­er­ates en­ergy in­fra­struc­ture as­sets in West­ern Canada and Europe.

We seek Safe Har­bor.

Chris­tian P Bayle, Lorne Eas­ton Brown, David William Fesyk, Duane Ed­win Keinick, Ali­son Tay­lor Love, Mar­garet Anne McKen­zie, William David Robert­son, Brant G Sang­ster, Richard Shaw

(IPL) Shares: 390,171,688

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