CALGARY,
June 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 June 2014 of
$0.145 per share to be paid, subject
to applicable law, on July 15, 2014
to shareholders of record on June 25,
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 June
2014 cash dividend is expected to be approximately
U.S.$0.1326 per share (before
deduction of any applicable Canadian withholding tax) based on a
currency exchange rate of 0.9144. 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