CALGARY, Alberta, March 6, 2015 /PRNewswire/ -- The Board of
Directors of Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE:
PBA) has declared a common share cash dividend for March 2015 of $0.145 per share to be paid, subject to
applicable law, on April 15, 2015 to
shareholders of record on March 25,
2015. This dividend is designated an "eligible dividend" for
Canadian income tax purposes. For non-resident shareholders,
Pembina's common share dividends
should be considered "qualified dividends" and are subject to
Canadian withholding tax.
For shareholders receiving their common share dividends in U.S.
funds, the March 2015 cash dividend
is expected to be approximately U.S. $0.1168 per share (before deduction of any
applicable Canadian withholding tax) based on a currency exchange
rate of 0.8054. The actual U.S. dollar dividend will depend on the
Canadian/U.S. dollar exchange rate on the payment date and will be
subject to applicable withholding taxes.
Confirmation of Record and Payment Date Policy
Pembina pays cash dividends on
its common shares in Canadian dollars on a monthly basis to
shareholders of record on the 25th calendar day of each month
(except for the December record date, which is December 31st), if, as and when determined by the
Board of Directors. Should the record date fall on a weekend or a
statutory holiday, the effective record date will be the previous
business day. The dividend payment date is the 15th of the month
following the record date. Should the payment date fall on a
weekend or on a holiday the business day prior to the weekend or
holiday becomes the payment date.
About Pembina
Calgary-based Pembina Pipeline
Corporation is a leading transportation and midstream service
provider that has been serving North
America's energy industry for 60 years. Pembina owns and operates pipelines that
transport various hydrocarbon liquids including conventional and
synthetic crude oil, heavy oil and oil sands products, condensate
(diluent) and natural gas liquids produced in western Canada and ethane produced in North Dakota. The Company also owns and
operates gas gathering and processing facilities and an oil and
natural gas liquids infrastructure and logistics business. With
facilities strategically located in western Canada and in natural gas liquids markets in
eastern Canada and the U.S.,
Pembina also offers a full
spectrum of midstream and marketing services that spans across its
operations. Pembina's integrated
assets and commercial operations enable it to offer services needed
by the energy sector along the hydrocarbon value chain.
Investor Relations, Hayley
McKenzie, (403) 231-3156, 1-855-880-7404, e-mail:
investor-relations@pembina.com, www.pembina.com