Inter Pipeline – Changes & Dividend Increase

Inter Pipeline Ltd
Inter Pipeline has completed conversion to a corporation earlier this week. The TSE trading symbol has been updated to reflect these changes from IPL.UN to IPL.

Inter Pipeline also announced on Sep 9, 2013 a 13% increase in monthly dividends from $0.095 to $0.1075 per share commencing with its September 2013 dividend payable in October 2013. Annualized dividends will increase from $1.14 to $1.29 per share.

My portfolio consists of 120 shares of Inter Pipeline, which increases my monthly dividends from $11.40 to $12.90 and annual dividends from $136.80 to $154.80, an increase of $18.

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