CALGARY, July 9, 2012 /CNW/ - The Board of Directors of Pembina Pipeline
Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) has
declared a July 2012 cash dividend of $0.135 per share to be paid,
subject to applicable law, on August 15, 2012 to shareholders of record
on July 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 July 2012
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 0.9792. 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.
Second Quarter Results Conference Call and Webcast
Pembina will release its second quarter 2012 results on Thursday, August
9, 2012 after markets close. A conference call and webcast have been
scheduled for the next day, Friday, August 10, at 9:00 a.m. MT (11:00
a.m. ET) for interested investors, analysts, brokers and media
The conference call dial-in numbers for Canada and the U.S. are
647-427-7450 or 1-888-231-8191. A recording of the conference call will
be available for replay until August 17, 2012 at 11:59 p.m. ET. To
access the replay, please dial either 416-849-0833 or 1-855-859-2056
and enter the password 94675104.
A live webcast of the conference call can be accessed on Pembina's
website at www.pembina.com under Investor Centre, Presentation &
Events, or by entering
in your web browser. Shortly after the call, an audio archive will be
posted on the website for 90 days.
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 a natural gas liquids infrastructure and
logistics business, with facilities strategically located in western
Canada and in the premium 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 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 and 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.
SOURCE Pembina Pipeline Corporation
For further information:
Ashley Nuell or Hayley Nelson