Kinder Morgan Canada Limited Declares Dividend on Restricted Voting Shares for the First Quarter of 2019, Payable on May 15, 2019; Declares Quarterly Dividend on Series 1 and Series 3 Preferred Shares, Payable on May 15, 2019; Provides Dividend Outlook for 2019
KML's board of directors declared a quarterly dividend of CAD 0.328125 per Series 1 preferred share (CAD 1.3125 annualized) and CAD 0.3250 per Series 3 preferred share (CAD 1.30 annualized), each payable on May 15, 2019 to Series 1 and Series 3 preferred shareholders of record as of April 30, 2019. KML's preferred share dividends are eligible dividends for Canadian income tax purposes.
KML's 2019 budget contemplates declaring a dividend of CAD 0.65 per restricted voting share.