CALGARY, March 11, 2013 /PRNewswire/ - The Board of
Directors of Pembina Pipeline Corporation ("Pembina" or the
"Company") (TSX: PPL; NYSE: PBA) has declared a March 2013 cash dividend of $0.135 per share to be paid, subject to
applicable law, on April 15, 2013 to
shareholders of record on March 25,
2013. 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
March 2013 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 1.0268. 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 that has been serving North
America's energy industry for nearly 60 years. Pembina owns
and operates: pipelines that transport conventional and synthetic
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 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's integrated
assets and commercial operations enable it to offer services needed
by the energy sector along the hydrocarbon value chain.
Pembina is a trusted member of the communities in which it
operates and is committed to generating value for its investors by
running its businesses in a safe, environmentally responsible
manner that is respectful of community stakeholders.
SOURCE Pembina Pipeline Corporation