CALGARY, Nov. 7, 2019 /CNW/ - Inter Pipeline Ltd. ("Inter
Pipeline") (TSX:IPL) announced today that it will maintain its
current monthly cash dividend of $0.1425 per share for November 2019. This dividend will be paid on or
about December 16, 2019 to
shareholders of record on November 22,
2019. This dividend is designated as an "eligible dividend"
for Canadian tax purposes.
Since inception, Inter Pipeline has distributed approximately
$5.7 billion in cash payments to
investors. Inter Pipeline's objective is to provide investors with
sustainable monthly cash dividends, with dividend growth upside
tied to the development of Inter Pipeline's portfolio of growth
projects.
About Inter Pipeline Ltd.
Inter Pipeline is a major petroleum transportation, natural gas
liquids processing, and bulk liquid storage business based in
Calgary, Alberta, Canada. Inter
Pipeline owns and operates energy infrastructure assets in western
Canada and Europe. Inter Pipeline is a member of the
S&P/TSX 60 Index and its common shares trade on the Toronto
Stock Exchange under the symbol IPL.
www.interpipeline.com
Contact Information
Investor Relations:
Jeremy
Roberge
Vice President, Finance and Investor Relations
Email: investorrelations@interpipeline.com
Tel: 403-290-6015 or
1-866-716-7473
Media Relations:
Breanne
Oliver
Manager Corporate Communications
Email: mediarelations@interpipeline.com
Tel: 587-475-1118
Disclaimer
Certain information contained herein may constitute
forward-looking statements that involve risks and
uncertainties. Readers are cautioned not to place undue
reliance on forward-looking statements, including, but not limited
to, statements regarding the sustainability of future
dividends. Such information, although considered reasonable
by Inter Pipeline at the time of preparation, may later prove to be
incorrect and actual results may differ materially from those
anticipated in the statements made. For this purpose, any
statements that are not statements of historical fact may be deemed
to be forward-looking statements. Forward-looking statements
often contain terms such as "may", "will", "should", "anticipate",
"expects" and similar expressions. Such risks and
uncertainties include, but are not limited to, risks associated
with operations, such as loss of markets, regulatory matters,
environmental risks, industry competition, potential delays and
cost overruns of construction projects, and the ability to access
sufficient capital from internal and external sources. You can find
a discussion of those risks and uncertainties in Inter Pipeline's
securities filings at www.sedar.com. The
forward-looking statements contained in this news release are made
as of the date of this document, and, except to the extent
required by applicable securities laws and regulations, Inter
Pipeline assumes no obligation to update or revise forward-looking
statements made herein or otherwise, whether as a result of new
information, future events, or otherwise. The forward-looking
statements contained in this document are expressly qualified by
this cautionary note.
All dollar values are expressed in Canadian dollars unless
otherwise noted.
SOURCE Inter Pipeline Ltd.