Pembina Pipeline Corporation Declares December 2022 Common Stock Dividend | Daily News Byte

CALGARY, AB, December 5, 2022 /PRNewswire/ – Pembina Pipeline Corporation (“Pembina” or the “Company”) (TSX: PPL ) (NISE: PBA ) announced today that its Board of Directors has declared a cash dividend on common stock of December 2022 of $0.2175 per share which is paid, in accordance with the applicable law, at December 30, 2022to the shareholders on record at December 15, 2022. Dividends on common shares are designated as “eligible dividends” for Canadian income tax purposes. For non-resident shareholders, dividends on Pembina common stock should be considered “qualified dividends” and may be subject to Canadian withholding tax.

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For shareholders who receive dividends on their common shares in American funds, December 2022 The cash dividend is expected to be approximately US $0.1615 per share (before deduction of any applicable Canadian withholding tax) based on an exchange rate of 0.7425. The actual US dollar dividend will depend on the Canadian/US dollar exchange rate on the date of payment and will be subject to applicable withholding taxes.

Switch to quarterly dividend payments

Subject to the Board of Directors’ approval of future common stock dividends, Pembina intends to change from its current practice of paying monthly dividends to quarterly common stock dividends, following the monthly December 2022 dividend. It is expected that quarterly dividend payments will be made on the last business day of March, June, September and December to shareholders registered on the 15th.^th days in the corresponding month, if, how and when the Board of Directors declares it. If the record date falls on a weekend or legal holiday, the record date will be the next business day after the weekend or legal holiday. It is expected that the first quarterly dividend will be paid in accordance with the approval of the Board of Directors March 2023.

About Pembina

Pembina Pipeline Corporation is a leading provider of energy transportation and midstream services North America energy for more than 65 years. Pembina has an integrated network of hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, as well as a growing export terminal business. Through our integrated value chain, we strive to provide safe and reliable infrastructure solutions that connect energy producers and consumers worldwide, support a more sustainable future and benefit our customers, investors, employees and communities. For more information, visit pembina.com.

Purpose of Pembino:

To be a leader in delivering integrated infrastructure solutions that connect global markets:

• Customers choose us first for reliable value-added services;
• Investors obtain sustainable, industry-leading total returns;
• Staff we say we are an “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: the Pipeline Division, the Facilities Division, and the Marketing and New Investments Division.

Trading Pembina common stock on Toronto and New York stock exchanges under ZJN and PBA, respectively. For more information, visit www.pembina.com.

Forward-looking information and statements

This 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 laws, which are based on Pembina’s current expectations, estimates , projections and assumptions in the light of their experience and perception of historical trends. In some cases, forward-looking statements may be identified by terminology such as “continue,” “anticipate,” “plan,” “will,” “expect,” “estimate,” “potential,” “planned,” ” future”, “outlook”, “strategy”, “protect”, “trend”, “committed”, “maintain”, “focus”, “ongoing”, “believe” and similar expressions that suggest future events or future performance.

This press release specifically contains forward-looking statements regarding: future dividends that may be declared on Pembino common stock; the timing and amount of such dividend payments; and the expected tax treatment thereof. Forward-looking statements are based on certain assumptions made by Pembina as of the date of this press release, which relate to, 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’s expectations thereof; availability of capital to finance future capital requirements relating to existing assets and projects; future operating costs; that all necessary regulatory and environmental approvals can be obtained under the necessary conditions in a timely manner; applicable regulatory, tax and environmental laws and regulations; maintenance of operating margins; and the availability of coverage under Pemba’s insurance policies (including with respect to Pemba’s business interruption insurance policy).

Although Pembina believes that 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; Requests for indigenous and landowner consultations; influence of competing subjects and prices; relying on third parties for the successful operation and maintenance of certain assets; the strength and performance of the oil and natural gas production industry and related commodity prices; non-performance or default by the parties to contracts entered into by Pembina or one or more of its affiliates in connection with its business; actions of governmental or regulatory authorities; Pembino’s ability to acquire or develop necessary infrastructure with respect to future development projects; fluctuations in business results; unfavorable general economic and market conditions in Canada, North America and around the world; risks related to the current and potential negative impacts of the COVID-19 pandemic; the ability to access various sources of debt and equity capital; credit rating changes; credit risk of the other contracting party; 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 in general; and certain other risks and uncertainties described in detail in Pembino’s management’s discussion and analysis and annual information form, each for the year then ended December 31, 2021and from time to time in Pembina’s public disclosure documents available at www.sedar.com, www.sec.gov and through Pemba’s website at www.pembina.com.

This list of risk factors should not be construed as exhaustive. Readers are cautioned that events or circumstances may cause actual results to differ materially from those anticipated, forecast or projected. Forward-looking statements contained in this press release speak only as of the date of publication. Pembina undertakes no obligation to publicly update or revise any forward-looking statements or information contained herein, except as required by applicable law. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

SOURCE Pembina Pipeline Corporation