CALGARY, Alberta, Dec. 9, 2014 /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 December 2014 of
$0.145 per share to be paid, subject
to applicable law, on January 15,
2015 to shareholders of record on December 31, 2014. 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 December 2014 cash
dividend is expected to be approximately U.S. $0.1269 per share (before deduction of any
applicable Canadian withholding tax) based on a currency exchange
rate of $0.8755. 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. 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.
For further information:
Investor Relations
Hayley McKenzie
(403) 231-3156
1-855-880-7404
e-mail: investor-relations@pembina.com
www.pembina.com
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SOURCE Pembina Pipeline Corporation