Spectra Energy Declares Quarterly Dividend
January 05 2010 - 3:00PM
PR Newswire (US)
HOUSTON, Jan. 5 /PRNewswire-FirstCall/ -- Spectra Energy Corp
(NYSE:SE) today declared a quarterly cash dividend on its common
stock of $0.25 per share. The dividend is payable on March 15,
2010, to shareholders of record at the close of business on
February 12, 2010. (Logo:
http://www.newscom.com/cgi-bin/prnh/20061030/CLM051LOGO ) Spectra
Energy Canada Exchangeco Inc. ("Exchangeco"), a subsidiary of
Spectra Energy, also announced today a quarterly cash dividend of
CDN $0.26 per share on its Spectra Energy exchangeable shares (TSX:
SPT.B), payable on March 15, 2010, to shareholders of record at the
close of business on February 12, 2010. All dividends paid or
deemed for Canadian federal, provincial or territorial income tax
purposes, including the dividend above, are designated eligible
dividends pursuant to Subsection 89(14) of the Income Tax Act
(Canada) or similar provincial or territorial legislation. This
designation will apply to all such dividends paid or deemed paid in
the future unless otherwise notified by Exchangeco. An eligible
dividend received by a Canadian resident individual shareholder is
entitled to the enhanced dividend tax credit. Spectra Energy Corp
(NYSE:SE), a FORTUNE 500 company, is one of North America's premier
natural gas infrastructure companies serving three key links in the
natural gas value chain: gathering and processing, transmission and
storage, and distribution. For nearly a century, Spectra Energy and
its predecessor companies have developed critically important
pipelines and related infrastructure connecting natural gas supply
sources to premium markets. Based in Houston, Texas, the company
operates in the United States and Canada approximately 19,100 miles
of transmission pipeline, more than 285 billion cubic feet of
storage, as well as natural gas gathering and processing, natural
gas liquids operations and local distribution assets. The company
also has a 50 percent ownership in DCP Midstream, one of the
largest natural gas gatherers and processors in the United States.
Spectra Energy was recently ranked by FORTUNE as the world's "most
admired" pipeline company. For more information, visit
http://www.spectraenergy.com/.
http://www.newscom.com/cgi-bin/prnh/20061030/CLM051LOGODATASOURCE:
Spectra Energy Corp CONTACT: Media: Wendy Olson, +1-713-627-4072,
or +1-713-627-4747 (24-hour media line); or Analysts: John
Arensdorf, +1-713-627-4600 Web Site: http://www.spectraenergy.com/
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