Pembina Pipeline Corporation Announces August 2012 Dividend
09 August 2012 - 9:51PM
PR Newswire (Canada)
CALGARY, Aug. 9, 2012 /CNW/ - The Board of Directors of Pembina
Pipeline Corporation ("Pembina" or the "Company") has declared an
August 2012 cash dividend of $0.135 per share to be paid, subject
to applicable law, on September 14, 2012 to shareholders of record
on August 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 August
2012 cash dividend will be approximately U.S.$0.134 per share
(before deduction of any applicable Canadian withholding tax) based
on a currency exchange rate of 0.9924. 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. 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 an oil and natural gas liquids
infrastructure and logistics business, with facilities
strategically located in western Canada and in the natural gas
liquids markets in eastern Canada and the U.S. Pembina also offers
a full spectrum of midstream 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,
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)
231-31561-855-880-7404e-mail:
investor-relations@pembina.comwww.pembina.com
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