Inter Pipeline Ltd Dividend Increase

Inter Pipeline Ltd

Inter Pipeline Ltd (IPL.TO) announced a 6.12% increase to its monthly cash dividend from $0.1225 to $0.13 per share. The new dividend will be payable starting December 15th, 2015 to shareholders on record as of November 23, 2015. The annual dividend rate goes up from $1.47 to $1.56. Yield going forward is 6.25%.

“This marks Inter Pipeline’s thirteenth consecutive dividend increase to its shareholders,” said Christian Bayle, President and Chief Executive Officer. “This increase reflects our record financial performance, driven by significant new cash flow contributions from major organic growth projects completed on our Canadian pipeline systems, as well as the continued strong performance and expansion of our bulk liquid storage business in Europe.”

My portfolio consists of 150 shares of Inter Pipeline Ltd, which increases my annual dividends from $220.50 to $234.00, an increase of $13.50.

5 thoughts on “Inter Pipeline Ltd Dividend Increase

    • TRP is another great company but gets a lot of bad media because of the Keystone XL project. Its become the political football on both sides of the border. Have you considered ENB – thats another good alternative.

      Thanks for stopping by and the comment. Your blog is new to me…will stop by and check it out.

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