CALGARY, July 9, 2012 /PRNewswire/ - The Board of
Directors of Pembina Pipeline Corporation ("Pembina" or the
"Company") (TSX: PPL; NYSE: PBA) has declared a July 2012 cash dividend of $0.135 per share to be paid, subject to
applicable law, on August 15, 2012 to
shareholders of record on July 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.
For shareholders receiving their dividends in U.S. funds, the
July 2012 cash dividend will be
approximately U.S.$0.132 per share
(before deduction of any applicable Canadian withholding tax) based
on a currency exchange rate of 0.9792. 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 Date Policy
Pembina pays cash dividends 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), 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.
Second Quarter Results Conference Call and Webcast
Pembina will release its second quarter 2012 results on
Thursday, August 9, 2012 after
markets close. A conference call and webcast have been scheduled
for the next day, Friday, August 10,
at 9:00 a.m. MT (11:00 a.m. ET) for interested investors,
analysts, brokers and media representatives.
The conference call dial-in numbers for Canada and the U.S. are 647-427-7450 or
1-888-231-8191. A recording of the conference call will be
available for replay until August 17,
2012 at 11:59 p.m. ET.
To access the replay, please dial either 416-849-0833 or
1-855-859-2056 and enter the password 94675104.
A live webcast of the conference call can be accessed on
Pembina's website at www.pembina.com under Investor Centre,
Presentation & Events, or by entering
http://event.on24.com/r.htm?e=489792&s=1&k=8609836C574E1C73A84090F0CE92BB87
in your web browser. Shortly after the call, an audio archive
will be posted on the website for 90 days.
About Pembina
Calgary-based Pembina Pipeline
Corporation is a leading transportation and midstream service
provider with nearly 60 years serving North America's energy industry. Pembina owns
and operates: pipelines that transport conventional crude oil and
natural gas liquids produced in western Canada; oil sands and heavy oil pipelines; gas
gathering and processing facilities; and 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 also offers a full spectrum of midstream and marketing
services that span across its operations. 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.
SOURCE Pembina Pipeline Corporation