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.

Inter Pipeline Ltd Dividend Increase

Inter Pipeline Ltd (IPL.TO) announced today that its board of directors has approved a 14% increase to its monthly cash dividend from $0.1075 to $0.1225 per share. The new dividend will be payable starting December 15th, 2014 to shareholders on record as of November 21, 2014. Inter Pipeline President and CEO Christian Bayle commented “This dividend increase is the largest in Inter Pipeline’s history adn clear evidence that our business has never been stronger. So far this year, Inter Pipeline has commissioned $.12 billion of new pipeline assets, with a further $1.8 billion targeted to enter full commercial service in early 2015.”

Inter Pipeline Ltd

The new dividend amount results in an increase of $0.18 per share annually from $1.29 to $1.47. My portfolio consists of 120 shares of IPL.TO and increases my annual dividend from $154.80 to $176.40, an increase of $21.60 annually.

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.