Company Overview - South Bow Corp. operates 4,900 kilometers (3,045 miles) of crude oil pipeline infrastructure, connecting Alberta crude oil supplies to U.S. refining markets in Illinois, Oklahoma, and the U.S. Gulf Coast [7] - The company is based in Calgary, Alberta, and is a spinoff from TC Energy, officially becoming a standalone entity on October 1, 2024 [7] Dividend Announcement - South Bow's board of directors has declared its inaugural quarterly dividend of U.S.$0.50 per share, which will be payable on January 31, 2025, to shareholders of record as of December 31, 2024 [1] - The dividends will be designated as eligible dividends for Canadian income tax purposes [1] Forward-Looking Statements - The news release includes forward-looking statements regarding South Bow's expectations for future dividend declarations and payments [3] - These statements are based on assumptions related to oil and gas industry activity, market conditions, capital availability, and regulatory approvals [4] - South Bow acknowledges that while the assumptions are deemed reasonable, there is no guarantee that they will prove correct, and actual results may differ due to various risks and uncertainties [5][6]
South Bow Declares Inaugural Dividend of U.S.$0.50 per Share