W.PR.H - <span class="simulate_din_font">Westcoast Energy Declares Dividends</span> (CAD 0.3438)

Company: Westcoast 7 Pr
Stock Name: W.PR.H
Amount: CAD 0.3438
Announcement Date: 15/03/2012
Record Date: 29/03/2012

Dividend Detail:

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VANCOUVER, March 15, 2012 /CNW/ - On March 15, 2012, Westcoast Energy Inc. ("Westcoast") declared the following quarterly dividends:

1. 
   5.50% CUMULATIVE FIRST PREFERRED SHARES, SERIES 7:�� A dividend of 34.375 cents per share payable on April 15, 2012 to
   shareholders of record at the close of business on April 1, 2012.
   
   
   
   
   


2. 
   5.60% CUMULATIVE FIRST PREFERRED SHARES, SERIES 8:�� A dividend of 35.00 cents per share payable on April 15, 2012 to
   shareholders of record at the close of business on April 1, 2012.
   

All dividends paid or deemed paid for Canadian federal, provincial or
territorial income tax purposes to be paid on or after January 1, 2006
by Westcoast including the dividends above are designated eligible
dividends pursuant to Subsection 89(14) of the Income Tax Act (Canada) or similar provincial or territorial legislation. This
designation continues to apply in the future unless otherwise notified
by Westcoast. An eligible dividend received by a Canadian resident
individual shareholder is entitled to the enhanced dividend tax credit.

Westcoast is an indirect subsidiary of Spectra Energy Corp.

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 more than 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's operations in the United States and Canada include more than
19,000 miles of transmission pipeline, over 305 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 is a
member of the Dow Jones Sustainability World and North America Indexes
and the U.S. S&P 500 Carbon Disclosure Project's Carbon Disclosure
Leadership Index. For more information, visit www.spectraenergy.com.

For further information:

Media:
Rosemary Silva
Spectra Energy
(604) 488-8147