CALGARY, Feb. 15, 2012 /CNW/ - The Board of Directors of Pembina
Pipeline Corporation ("Pembina") (TSX: PPL) has declared a February
2012 cash dividend of $0.13 per share to be paid, subject to applicable
law, on March 15, 2012 to shareholders of record on February 25, 2012.
This dividend is designated an "eligible dividend" for Canadian income
Reinstatement of Premium Dividend™ and Dividend Reinvestment Plan
Pembina reinstated the Premium Dividend™ and Dividend Reinvestment Plan
("DRIP") effective as of the January 25, 2012 record date and the
corresponding dividend payable on February 15, 2012.
Eligible Pembina shareholders, as described in the DRIP documents
available at www.pembina.com, have an opportunity to receive, by
reinvesting the cash dividends declared payable by Pembina on your
additional common shares at a discounted subscription price equal to 95
percent of the Average Market Price (as defined in the DRIP), pursuant
to the "Dividend Reinvestment Component" of the DRIP, or
premium cash payment (the "Premium Dividend™") equal to 102 percent of
the amount of your reinvested dividends, pursuant to the "Premium
Dividend™ Component" of the DRIP,
in either case upon and subject to the terms and conditions of the DRIP.
Shareholders must contact the broker, investment dealer, financial
institution or other nominee through whom their Pembina common shares
are held to enroll in the DRIP.
Further details and enrollment forms for the DRIP are available on
Pembina's website under Investor Centre.
Unless otherwise announced by Pembina, a shareholder who is a resident
of the United States or is otherwise a "U.S. person" as that term is
defined in Regulation S under the United States Securities Act of 1933,
as amended, may not participate in either component of the Plan.
DRIP proceeds will be directed toward Pembina's ongoing 2012 capital
program and the reduction of outstanding bank debt.
Pembina transports crude oil and natural gas liquids produced in western
Canada, owns and operates oil sands pipelines and has a growing
presence in midstream and natural gas services sectors. Pembina's
common shares and convertible debentures are traded on the TSX under
the symbols PPL and PPL.DB.C respectively.
All dollar values are in Canadian dollars.
SOURCE Pembina Pipeline Corporation
For further information:
Vice President, Corporate Affairs
Pembina Pipeline Corporation