Equity Equity (Tables)

9 Months Ended

Sep. 30, 2019

Schedule of Preferred Stock Dividends [Table Text Block]

The following table provides information regarding dividends declared and paid, or to be paid, as applicable, on our Preferred Shares during the nine months ended September 30, 2019.

Period

Series 1 quarterly dividend per share for the period

Series 3 quarterly dividend per share for the period

Date of declaration

Date of record

Date of dividend

Total amount of dividends paid in cash

(In millions of Canadian dollars, except per share amounts)

November 15, 2018 to February 14, 2019

0.328125

0.325

January 15, 2019

January 31, 2019

February 15, 2019

7.2

February 15, 2019 to May 14, 2019

0.328125

0.325

April 16, 2019

April 30, 2019

May 15, 2019

7.2

May 15, 2019 to August 14, 2019

0.328125

0.325

July 16, 2019

July 31, 2019

August 15, 2019

7.2

August 15, 2019 to November 14, 2019

0.328125

0.325

October 15, 2019

October 31, 2019

November 15, 2019

Schedule of Common Stock Dividends [Table Text Block]

The following table provides information regarding dividends declared and paid, or to be paid, as applicable, on our Restricted Voting Shares during the nine months ended September 30, 2019.

For the three month period ended

Dividend rate per share

Date of declaration

Date of record

Date of dividend

Total amount of dividends paid in cash

(In millions of Canadian dollars, except per share amounts)

December 31, 2018

0.1625

January 15, 2019

January 31, 2019

February 15, 2019

5.7

March 31, 2019

0.1625

April 16, 2019

April 30, 2019

May 15, 2019

5.7

June 30, 2019

0.1625

July 16, 2019

July 31, 2019

August 15, 2019

5.7

September 30, 2019

0.1625

October 15, 2019

October 31, 2019

November 15, 2019

Effective January 16, 2019, our board of directors suspended the dividend reinvestment plan for our Restricted Voting Shares, including with respect to the dividend we paid on February 15, 2019.

Kinder Morgan Interest Distributions

The following table provides information regarding distributions declared and paid, or to be paid, as applicable, to Kinder Morgan during the nine months ended September 30, 2019.

For the three month period ended

Dividend rate per share

Date of declaration

Date of distribution

Total amount of distribution paid in cash

(In millions of Canadian dollars, except per share amounts)

December 31, 2018

0.1625

January 15, 2019

February 15, 2019

13.2

March 31, 2019

0.1625

April 16, 2019

May 15, 2019

13.2

June 30, 2019

0.1625

July 16, 2019

August 15, 2019

13.2

September 30, 2019

0.1625

October 15, 2019

November 15, 2019

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following tables set forth the allocation of income from continuing and discontinued operations available to shareholders of Restricted Voting Shares and participating securities:


	Three Months Ended September 30,			Nine Months Ended September 30,
	2019	2018	2019	2018
(In millions of Canadian dollars, except per share amounts)
Income from Continuing Operations Available to Restricted Voting Shareholders	2.8	4.9	11.4	11.3
Participating securities:
Less: Income from Continuing Operations allocated to RSU awards(a)	—	(0.2)	(0.2)	(0.4)
Income from Continuing Operations Allocated to Restricted Voting Shareholders	2.8	4.7	11.2	10.9

Basic Weighted Average Restricted Voting Shares Outstanding	34.9	34.8	34.9	34.6
Basic Earnings Per Restricted Voting Share from Continuing Operations	0.08	0.14	0.32	0.32


	Three Months Ended September 30,	Nine Months Ended September 30,
	2018	2018
(In millions of Canadian dollars, except per share amounts)
Income from Discontinued Operations Available to Restricted Voting Shareholders	396.7	402.9
Participating securities:
Less: Income from Discontinued Operations allocated to RSU awards	—	—
Income from Discontinued Operations Allocated to Restricted Voting Shareholders	396.7	402.9

Basic Weighted Average Restricted Voting Shares Outstanding	34.8	34.6
Basic earnings Per Restricted Voting Share from Discontinued Operations	11.40	11.64

_______

(a)As of September 30, 2019, there were approximately 0.3 million unvested RSU awards.

Kinder Morgan Canada Ltd 10-Q