Stock Name: PPL
Amount: CAD 0.135
Announcement Date: 12/04/2012
Record Date: 23/04/2012
Dividend Detail:
CALGARY, April 12, 2012 /CNW/ - The Board of Directors of Pembina
Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE:
PBA) has declared an April 2012 cash dividend of $0.135 per share to be
paid, subject to applicable law, on May 15, 2012 to shareholders of
record on April 25, 2012. This dividend is designated an "eligible
dividend" for Canadian income tax purposes. For non-resident
shareholders, Pembina's dividends are considered "qualified dividends"
and are subject to Canadian withholding tax.
As previously announced, Pembina has increased its monthly dividend rate
from $0.13 per share per month ($1.56 annualized) to $0.135 per share
per month ($1.62 annualized), representing a 3.8 percent increase and
reflecting management's confidence in the significant operational and
financial strength of the Company going forward.
For shareholders receiving their dividends in U.S. funds, the April 2012
cash dividend will be approximately U.S.$0.1343 per share (before
deduction of any applicable Canadian withholding tax) based on a
currency exchange rate of 0.995. 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.
About Pembina
With nearly 60 years experience, Calgary-based Pembina Pipeline
Corporation is a well-managed and responsible transportation and
service provider to North America's energy industry. Pembina owns and
operates pipelines that transport crude oil, natural gas liquids,
diluent and diluted bitumen produced in western Canada, offers a full
spectrum of midstream and marketing services and has a strong presence
in the gas services sector. Pembina also owns and manages a natural gas
liquids infrastructure and logistics business, with facilities
strategically located in western Canada and in the premium natural gas
liquids markets in eastern Canada and the U.S. Pembina provides monthly
cash dividends to its shareholders. Pembina's common shares and
convertible debentures are traded on the Toronto Stock Exchange under
the symbols PPL and PPL.DB.C, PPL.DB.E and PPL.DB.F respectively.
Pembina's common shares are traded on the New York Stock Exchange under
the symbol PBA.
All dollar values are in Canadian dollars unless otherwise stated.
For further information:
Investor Relations
Ashley Nuell or Hayley Nelson
(403) 231-7500
1-888-428-3222
e-mail:����investor-relations@pembina.com
www.pembina.com
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