CALGARY, March 11, 2013 /CNW/ - 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.
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