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Plains All American Pipeline, L.P. Message Board

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  • rjraecek rjraecek Aug 7, 2009 1:54 PM Flag

    dividend

    around november 15

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    • Strange answer to a question that could have been answered using Yahoo in less time than it took to write a message.

      First, PAA is a Master Limited Partnership and as such it pays a distribution. There is a big difference. If you do not understand that difference some DD on your part would be appropriate.

      Second, PAA has signifiant holdings in Canada which for some holders will require filing and paying Canadian income tax. Anyone holding and CanRoys in additional to PAA are more likely to run afoul of the Canada Revenue Service.

      Third, PAA has paid distributions on approximately the 15th of Feb, May, Aug, & Nov with the X-div being usually the last day of the prior month.

      ARB

    • It is also my understanding (with another MLP I own), that the stock price (if you elect reinvestment) is determined at the COB 10 trading days prior to the ex-dividend date (or ex-distribution date - whichever you prefer to use.)

      Does anyone know if PAA follows the same stock price determination for reinvestment as the one I have previously mentioned? If PAA calculates the stock price differently, when is the reinvestment stock price determined?

      • 1 Reply to tabman1123
      • No idea about PAA since I do not reinvest my distributions with them. Suggest they probably do but a simple call to IR will give you the information. A couple of MLPs also offer a discount on reinvested units.

        To our whiner that says I know it all. I obviously do not vis a vis my comment above. But his comment that a distribution and a dividend are the same is 100% not accurate. As Chart pointed out they are a very different animal when you file your annual 1040 and and even more different one when you sell your units. Guess some people do not like facts.

        ARB

 
PAA
54.33-0.05(-0.09%)Nov 21 4:00 PMEST

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