Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX:
PPL; NYSE: PBA) announced today that its Board of Directors has
declared quarterly dividends for the Company's preferred shares,
Series 1, 3, 5, 7, 9, 15, 17, 19, 21, 22 and 25. Series 1, 3, 5, 7,
9, 21 and 22 preferred share dividends are payable on September 3,
2024, to shareholders of record on August 1, 2024. Series 15, 17
and 19 preferred share dividends are payable on October 1, 2024, to
shareholders of record on September 16, 2024. Series 25 preferred
share dividends are payable on August 15, 2024, to shareholders of
record on July 31, 2024.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20240709489372/en/
Series
Dividend Amount
Preferred Shares, Series 1 (PPL.PR.A)
$0.407813
Preferred Shares, Series 3 (PPL.PR.C)
$0.376188
Preferred Shares, Series 5 (PPL.PR.E)
$0.425875
Preferred Shares, Series 7 (PPL.PR.G)
$0.273750
Preferred Shares, Series 9 (PPL.PR.I)
$0.268875
Preferred Shares, Series 15 (PPL.PR.O)
$0.385250
Preferred Shares, Series 17 (PPL.PR.Q)
$0.412813
Preferred Shares, Series 19 (PPL.PR.S)
$0.292750
Preferred Shares, Series 21 (PPL.PF.A)
$0.393875
Preferred Shares, Series 22 (PPL.PF.B)
$0.515301
Preferred Shares, Series 25 (PPL.PF.E)
$0.405063
Confirmation of Record and Payment Date Policy
Pembina pays cash dividends in Canadian dollars on its preferred
shares Series 1, 3, 5, 7, 9, 21 and 22 on the first day of March,
June, September and December in each year, if, as and when declared
by the Board of Directors to shareholders of record on the first
day of the preceding month, or, if such payment or record date is
not a business day, the next succeeding business day after the
weekend or statutory holiday. Dividends on the preferred shares
Series 15, 17 and 19 are payable on the last day of March, June,
September and December in each year, if, as and when declared by
the Board of Directors to shareholders of record on the 15th day of
the same month, or, if such payment or record date is not a
business day, the next succeeding business day after the weekend or
statutory holiday. Dividends on the preferred shares Series 25 are
payable on the 15th day of February, May, August and November in
each year, if, as and when declared by the Board of Directors to
shareholders of record on the last day of the preceding month, or,
if such payment or record date is not a business day, the next
succeeding business day after the weekend or statutory holiday.
Conference Call and Webcast Details for Second Quarter 2024
Results
Pembina will release its second quarter 2024 results on
Thursday, August 8, 2024, after markets close. A conference call
and webcast have been scheduled for Friday, August 9, 2024, at 8:00
a.m. MT (10:00 a.m. ET) for interested investors, analysts, brokers
and media representatives.
The conference call dial-in numbers for Canada and the U.S. are
1-289-819-1520 or 1-800-549-8228. A recording of the conference
call will be available for replay until Friday, August 16, 2024 at
11:59 p.m. ET. To access the replay, please dial either
1-289-819-1325 or 1-888-660-6264 and enter the password 10542
#.
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:
https://events.q4inc.com/attendee/817166977 in your web browser.
Shortly after the call, an audio archive will be posted on the
website for a minimum of 90 days.
About Pembina
Pembina Pipeline Corporation is a leading energy transportation
and midstream service provider that has served North America's
energy industry for 70 years. Pembina owns an integrated network of
hydrocarbon liquids and natural gas pipelines, gas gathering and
processing facilities, oil and natural gas liquids infrastructure
and logistics services, and an export terminals business. Through
our integrated value chain, we seek to provide safe and reliable
energy solutions that connect producers and consumers across the
world, support a more sustainable future and benefit our customers,
investors, employees and communities. For more information, please
visit www.pembina.com.
Purpose of Pembina: We deliver extraordinary energy solutions so
the world can thrive.
Pembina is structured into three Divisions: Pipelines Division,
Facilities Division and Marketing & New Ventures Division.
Pembina's common shares trade on the Toronto and New York stock
exchanges under PPL and PBA, respectively. For more information,
visit www.pembina.com.
Forward-Looking Statements and Information
This news release contains certain forward-looking statements
and forward-looking information (collectively, "forward-looking
statements"), including forward-looking statements within the
meaning of the "safe harbor" provisions of applicable securities
legislation, that are based on Pembina's current expectations,
estimates, projections and assumptions in light of its experience
and its perception of historical trends. In some cases,
forward-looking statements can be identified by terminology such as
"continue", "anticipate", "will", "expects", "estimate",
"potential", "planned", "future", "outlook", "strategy", "project",
"plan", "commit", "maintain", "focus", "ongoing", "believe" and
similar expressions suggesting future events or future
performance.
In particular, this news release contains forward-looking
statements relating to, without limitation, future dividends which
may be declared on Pembina's preferred shares and the timing and
the amount thereof. The forward-looking statements are based on
certain assumptions that Pembina has made in respect thereof as at
the date of this news release regarding, among other things: the
success of Pembina's operations and growth projects; prevailing
commodity prices, margins, volumes and exchange rates; that
Pembina's future results of operations will be consistent with past
performance and management expectations in relation thereto; the
availability of capital to fund future capital requirements
relating to existing assets and projects; future operating costs;
that all required regulatory and environmental approvals can be
obtained on the necessary terms in a timely manner; prevailing
regulatory, tax and environmental laws and regulations; maintenance
of operating margins; and the availability of coverage under
Pembina’s insurance policies (including in respect of Pembina’s
business interruption insurance policy).
Although Pembina believes the expectations and material factors
and assumptions reflected in these forward-looking statements are
reasonable as of the date hereof, there can be no assurance that
these expectations, factors and assumptions will prove to be
correct. These forward-looking statements are not guarantees of
future performance and are subject to a number of known and unknown
risks and uncertainties that could cause actual events or results
to differ materially, including, but not limited to: the regulatory
environment and decisions and Indigenous and landowner consultation
requirements; the impact of competitive entities and pricing;
reliance on third parties to successfully operate and maintain
certain assets; reliance on key relationships, joint venture
partners and agreements; labour and material shortages; the
strength and operations of the oil and natural gas production
industry and related commodity prices; non-performance or default
by counterparties to agreements which Pembina or one or more of its
affiliates has entered into in respect of its business; actions by
governmental or regulatory authorities, including changes in tax
laws and treatment, changes in royalty rates, changes in regulatory
processes or increased environmental regulation; the ability of
Pembina to acquire or develop the necessary infrastructure in
respect of future development projects; fluctuations in operating
results; adverse general economic and market conditions, including
potential recessions in Canada, North America and worldwide
resulting in changes, or prolonged weaknesses, as applicable, in
interest rates, foreign currency exchange rates, inflation rates,
commodity prices, supply/demand trends and overall industry
activity levels; constraints on, or the unavailability of, adequate
supplies, infrastructure or labour; the political environment in
North America and elsewhere, and public opinion; the ability to
access various sources of debt and equity capital; adverse changes
in credit ratings; counterparty credit risk; technology and cyber
security risks; natural catastrophes; and certain other risks
detailed in Pembina's Annual Information Form and Management's
Discussion and Analysis, each dated February 22, 2024 for the year
ended December 31, 2023, and from time to time in Pembina's public
disclosure documents available at www.sedarplus.ca, www.sec.gov and
through Pembina's website at www.pembina.com.
This list of risk factors should not be construed as exhaustive.
Readers are cautioned that events or circumstances could cause
actual results to differ materially from those predicted,
forecasted or projected. The forward-looking statements contained
in this news release speak only as of the date hereof. Pembina does
not undertake any obligation to publicly update or revise any
forward-looking statements or information contained herein, except
as required by applicable laws. The forward-looking statements
contained in this news release are expressly qualified by this
cautionary statement.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240709489372/en/
For further information: Investor Relations (403) 231-3156
1-855-880-7404 e-mail: investor-relations@pembina.com
www.pembina.com
Pembina Pipeline (NYSE:PBA)
Historical Stock Chart
From Oct 2024 to Nov 2024
Pembina Pipeline (NYSE:PBA)
Historical Stock Chart
From Nov 2023 to Nov 2024
