CALGARY, March 30, 2020 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL.TO - News) announced today measures to provide greater financial strength and flexibility for its capital program in response to the significant decrease in global energy prices and the COVID-19 pandemic. The board of directors has conducted a comprehensive review of the dividend policy and approved a 72 percent reduction to the monthly cash dividend from CALGARY, March 30, 2020 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL.TO - News) announced today measures to provide greater financial strength and flexibility for its capital program in response to the significant decrease in global energy prices and the COVID-19 pandemic. The board of directors has conducted a comprehensive review of the dividend policy and approved a 72 percent reduction to the monthly cash dividend from $0.1425 per share to $0.04 per share, or $0.48 per share on an annualized basis. Inter Pipeline's dividend payments to shareholders are designated as "eligible dividends" for Canadian tax purposes..1425 per share to CALGARY, March 30, 2020 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL.TO - News) announced today measures to provide greater financial strength and flexibility for its capital program in response to the significant decrease in global energy prices and the COVID-19 pandemic. The board of directors has conducted a comprehensive review of the dividend policy and approved a 72 percent reduction to the monthly cash dividend from $0.1425 per share to $0.04 per share, or $0.48 per share on an annualized basis. Inter Pipeline's dividend payments to shareholders are designated as "eligible dividends" for Canadian tax purposes..04 per share, or CALGARY, March 30, 2020 /CNW/ - Inter Pipeline Ltd. ("Inter Pipeline") (TSX:IPL.TO - News) announced today measures to provide greater financial strength and flexibility for its capital program in response to the significant decrease in global energy prices and the COVID-19 pandemic. The board of directors has conducted a comprehensive review of the dividend policy and approved a 72 percent reduction to the monthly cash dividend from $0.1425 per share to $0.04 per share, or $0.48 per share on an annualized basis. Inter Pipeline's dividend payments to shareholders are designated as "eligible dividends" for Canadian tax purposes..48 per share on an annualized basis. Inter Pipeline's dividend payments to shareholders are designated as "eligible dividends" for Canadian tax purposes.