Pembina Pipeline Corp.

Pembina Pipeline Corporation's 6.481% Perpetual Preferred Stock is a type of financial instrument that represents a class of equity security providing fixed dividend payments to investors. This particular preferred stock is perpetual, meaning it has no maturity date and provides holders with a fixed dividend yield of 6.481% annually. As a preferred stock, it typically has priority over common stock in the payment of dividends and upon liquidation, though it generally does not carry voting rights. Pembina Pipeline Corporation is actively engaged in the transportation and storage of oil and natural gas, making these preferred shares particularly impactful in the energy sector. These shares cater to investors looking for stable income streams and are indicative of the company's strategy to finance its operations through equity capital, thus playing a crucial role in Pembina's broader capital management strategy.