Pembina Pipeline Corporation Announces Increased April 2012 Dividend
12 April 2012 - 10:01PM
PR Newswire (Canada)
CALGARY, April 12, 2012 /CNW/ - The Board of Directors of Pembina
Pipeline Corporation ("Pembina" or the "Company") has declared an
April 2012 cash dividend of $0.135 per share to be paid, subject to
applicable law, on May 15, 2012 to shareholders of record on April
25, 2012. This dividend is designated an "eligible dividend" for
Canadian income tax purposes. For non-resident shareholders,
Pembina's dividends are considered "qualified dividends" and are
subject to Canadian withholding tax. As previously announced,
Pembina has increased its monthly dividend rate from $0.13 per
share per month ($1.56 annualized) to $0.135 per share per month
($1.62 annualized), representing a 3.8 percent increase and
reflecting management's confidence in the significant operational
and financial strength of the Company going forward. For
shareholders receiving their dividends in U.S. funds, the April
2012 cash dividend will be approximately U.S.$0.1343 per share
(before deduction of any applicable Canadian withholding tax) based
on a currency exchange rate of 0.995. 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. About Pembina With nearly 60 years experience, Calgary-based
Pembina Pipeline Corporation is a well-managed and responsible
transportation and service provider to North America's energy
industry. Pembina owns and operates pipelines that transport crude
oil, natural gas liquids, diluent and diluted bitumen produced in
western Canada, offers a full spectrum of midstream and marketing
services and has a strong presence in the gas services sector.
Pembina also owns and manages a natural gas liquids infrastructure
and logistics business, with facilities strategically located in
western Canada and in the premium natural gas liquids markets in
eastern Canada and the U.S. Pembina provides monthly cash dividends
to its shareholders. Pembina's common shares and convertible
debentures are traded on the Toronto Stock Exchange under the
symbols PPL and PPL.DB.C, PPL.DB.E and PPL.DB.F respectively.
Pembina's common shares are traded on the New York Stock Exchange
under the symbol PBA. All dollar values are in Canadian dollars
unless otherwise stated. Pembina Pipeline Corporation CONTACT:
Investor RelationsAshley Nuell or Hayley Nelson(403)
231-75001-888-428-3222e-mail:
investor-relations@pembina.comwww.pembina.com
Copyright
Pembina Pipeline (NYSE:PBA)
Historical Stock Chart
From Jun 2024 to Jul 2024
Pembina Pipeline (NYSE:PBA)
Historical Stock Chart
From Jul 2023 to Jul 2024