CALGARY, Dec. 9, 2013 /CNW/ - The Board of Directors of Pembina Pipeline
Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) has
declared a common share cash dividend for December 2013 of $0.14 per
share to be paid, subject to applicable law, on January 15, 2014 to
shareholders of record on December 31, 2013. 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 December 2013 cash dividend is expected to be approximately
U.S.$0.131 per share (before deduction of any applicable Canadian
withholding tax) based on a currency exchange rate of 0.9378. 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 nearly 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
Investor Relations
Hayley Nelson
(403) 231-3156
1-855-880-7404
e-mail: investor-relations@pembina.com
www.pembina.com
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