CALGARY, Feb. 10, 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 February 2014 of
$0.14 per share to be paid, subject
to applicable law, on March 14, 2014
to shareholders of record on February 25,
2014. This dividend is designated an "eligible dividend" for
Canadian income tax purposes. For non-resident shareholders,
Pembina's common share dividends are considered "qualified
dividends" and are subject to Canadian withholding tax.
For shareholders receiving their common share dividends in U.S.
funds, the February 2014 cash
dividend is expected to be approximately U.S.$0.127 per share (before deduction of any
applicable Canadian withholding tax) based on a currency exchange
rate of 0.9076. 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.
SOURCE Pembina Pipeline Corporation