CALGARY, Sept. 11, 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 September 2014 of $0.145
per share to be paid, subject to applicable law, on October 15, 2014 to
shareholders of record on September 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 September 2014 cash dividend is expected to be approximately U.S.
$0.1314 per share (before deduction of any applicable Canadian
withholding tax) based on a currency exchange rate of 0.9065. 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
