CALGARY, AB, Feb. 9, 2021 /CNW/ - Inter Pipeline Ltd.
("Inter Pipeline") (TSX:IPL) announced today the declaration of a
cash dividend of $0.04 per share for
February 2021. This dividend will be paid on or about
March 15, 2021 to shareholders of record on February 23,
2021. This dividend is designated as an "eligible dividend" for
Canadian tax purposes.
Since inception, Inter Pipeline has distributed approximately
$6.2 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 and natural
gas liquids processing business based in Calgary, Alberta, Canada. Inter Pipeline owns
and operates energy infrastructure assets in western Canada and is building the Heartland
Petrochemical Complex — Canada's
first integrated propane dehydrogenation and polypropylene
facility. 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
Director, 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.