UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of November 2022
Commission File Number: 001-35563
PEMBINA PIPELINE CORPORATION
(Name of registrant)
(Room #39-095) 4000, 585 8th Avenue S.W.
Calgary, Alberta T2P 1G1
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file
annual reports under cover of Form 20-F or Form 40-F.
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form
6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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PEMBINA PIPELINE CORPORATION |
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| Date: November 3, 2022 |
By: |
/s/ Cameron Goldade |
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Name: Cameron Goldade |
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Title: Chief Financial Officer |
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Form
6-K Exhibit Index
Exhibit
99.1
Pembina Pipeline Corporation Declares November
2022 Common Share Dividend
CALGARY, AB, Nov. 3, 2022 /CNW/ - Pembina Pipeline
Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) announced today that its Board of Directors has declared
a common share cash dividend for November 2022 of $0.2175 per share to be paid, subject to applicable law, on December 15, 2022, to shareholders
of record on November 25, 2022. The common share dividends are designated "eligible dividends" for Canadian income tax purposes.
For non-resident shareholders, Pembina's common share dividends should be considered "qualified dividends" and may be subject
to Canadian withholding tax.
For shareholders receiving their common share dividends
in U.S. funds, the November 2022 cash dividend is expected to be approximately U.S. $0.1596 per share (before deduction of any applicable
Canadian withholding tax) based on a currency exchange rate of 0.7337. 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 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
day of the month following the record date. Should the payment date fall on a weekend or on a statutory holiday, the business day prior
to the weekend or statutory holiday becomes the payment date.
Subject to approval of future common share dividends
by the Board of Directors, Pembina intends to move from a monthly to a quarterly common share dividend payment, with payments to be made
in March, June, September and December of each year. Subject to approval by the Board of Directors, the monthly dividend is expected to
end with the dividend to be declared in early December 2022 and paid on December 30, 2022, to shareholders of record on December 15, 2022.
The first quarterly dividend is expected to be effective for the dividend to be paid in March 2023.
About Pembina
Pembina Pipeline Corporation is a leading energy transportation
and midstream service provider that has served North America's energy industry for more than 65 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 a growing export terminals business. Through our integrated value chain, we seek to provide safe and reliable
infrastructure solutions which connect producers and consumers of energy across the world, support a more sustainable future and benefit
our customers, investors, employees and communities. For more information, please visit pembina.com.
Purpose of Pembina:
To be the leader in delivering integrated infrastructure
solutions connecting global markets:
- Customers choose us first
for reliable and value-added services;
- Investors receive sustainable
industry-leading total returns;
- Employees say we are
the 'employer of choice' and value our safe, respectful, collaborative and inclusive work culture; and
- Communities welcome us and recognize the net positive impact
of our social and environmental commitment.
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 Information and Statements
This news release contains certain forward-looking
information and statements (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", "schedule", "will", "expects",
"estimate", "potential", "planned", "future", "outlook", "strategy", "protect",
"trend", "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: future dividends which may be declared on Pembina's common shares; the timing and the amount of such dividend
payments; and the expected tax treatment 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 including, but not limited to: the regulatory environment
and decisions; Indigenous and landowner consultation requirements; the impact of competitive entities and pricing; reliance on third parties
to successfully operate and maintain certain assets; 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; 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
in Canada, North America and worldwide; risks relating to the current and potential adverse impacts of the COVID-19 pandemic; the ability
to access various sources of debt and equity capital; changes in credit ratings; counterparty credit risk; the conflict between Ukraine
and Russia and its potential impact on, among other things, global market conditions and supply and demand, energy and commodity prices;
interest rates, supply chains and the global economy generally; and certain other risks and uncertainties detailed in Pembina's management's
discussion and analysis and annual information form, each for the year ended December 31, 2021, and from time to time in Pembina's public
disclosure documents available at www.sedar.com, 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.
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SOURCE Pembina Pipeline Corporation
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/November2022/03/c4234.html
%CIK: 0001546066
For further information: Investor Relations, (403) 231-3156, 1-855-880-7404,
e-mail: investor-relations@pembina.com, www.pembina.com
CO: Pembina Pipeline Corporation
CNW 17:03e 03-NOV-22
This regulatory filing also includes additional resources:
ex991.pdf
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