CALGARY, June 8, 2012 /PRNewswire/ - The Board of
Directors of Pembina Pipeline Corporation ("Pembina" or the
"Company") (TSX: PPL; NYSE: PBA) has declared a June 2012 cash dividend of $0.135 per share to be paid, subject to
applicable law, on July 13, 2012 to
shareholders of record on June 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.
Premium Dividend™ and Dividend Reinvestment
Plan ("DRIP")
Eligible Pembina shareholders, as described in
the DRIP documents available at www.pembina.com, have an
opportunity to receive, by reinvesting the cash dividends declared
payable by Pembina on your shares, either
(i) additional
common shares at a discounted subscription price equal to 95
percent of the Average Market Price (as defined in the DRIP),
pursuant to the "Dividend Reinvestment Component" of the DRIP,
or
(ii) premium cash
payment (the "Premium Dividend™") equal to 102 percent of the
amount of your reinvested dividends, pursuant to the "Premium
Dividend™ Component" of the DRIP,
in either case upon and subject to the terms and conditions of
the DRIP.
Shareholders must contact the broker, investment dealer,
financial institution or other nominee through whom their Pembina
common shares are held to enroll in the DRIP.
Further details and enrollment forms for the DRIP are available
on Pembina's website under Investor Centre.
Unless otherwise announced by Pembina, a shareholder who is a
resident of the United States or
is otherwise a "U.S. person" as that term is defined in Regulation
S under the United States Securities Act of 1933, as amended, may
not participate in either component of the Plan at this time as a
result of applicable securities laws.
DRIP proceeds will be directed toward Pembina's ongoing 2012
capital program and the reduction of outstanding bank debt.
About Pembina
Calgary-based Pembina Pipeline
Corporation is a leading transportation and midstream service
provider with nearly 60 years serving North America's energy industry. Pembina owns
and operates: pipelines that transport conventional crude oil and
natural gas liquids produced in western Canada; oil sands and heavy oil pipelines; gas
gathering and processing facilities; and 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 also offers a full spectrum of midstream and marketing
services that span across its operations. 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.
SOURCE Pembina Pipeline Corporation