CALGARY, Alberta, Feb. 6, 2018 /PRNewswire/ -- Pembina
Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE:
PBA) announced today that its Board of Directors declared a common
share cash dividend for February 2018
of $0.18 per share to be paid,
subject to applicable law, on March 15,
2018 to shareholders of record on February 25, 2018. 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 may be subject to Canadian
withholding tax.
For shareholders receiving their common share dividends in U.S.
funds, the February 2018 cash
dividend is expected to be approximately U.S. $0.1454 per share (before deduction of any
applicable Canadian withholding tax) based on a currency exchange
rate of 0.8078. 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.
Fourth Quarter/Annual 2017 Results Conference Call and
Webcast
Pembina will release its fourth quarter and full year 2017
results after markets close on Thursday,
February 22, 2018. A conference call and webcast have been
scheduled for Friday, February 23,
2018 at 8:00 a.m. MT
(10:00 a.m. ET) for interested
investors, analysts, brokers and media representatives.
The conference call dial-in numbers for Canada and the U.S. are 647-427-7450 or
888-231-8191. A recording of the conference call will be available
for replay until March 2, 2018 at
9:59 p.m. ET. To access the replay,
please dial either 416-849-0833 or 855-859-2056 and enter the
password 4183359.
A live webcast of the conference call can be accessed on
Pembina's website at www.pembina.com under Investor Centre,
Presentation & Events, or by entering
http://event.on24.com/r.htm?e=1586733&s=1&k=3CE57B902D3F2F30B65C86B7191430C0
in your web browser. Shortly after the call, an audio archive will
be posted on the website for a minimum of 90 days.
2018 Investor Day
Pembina will hold an Investor Day on Tuesday, May 29, 2018 at the Fairmont Royal York
Hotel in Toronto, Ontario.
Parties interested in attending the event can email
investor-relations@pembina.com to request an invite. A live webcast
will begin at 8:30 a.m. ET. To
register for the webcast, please click on the following link or
enter the URL into your web browser:
https://event.on24.com/wcc/r/1586882/175EA88F028C9CD48628882A2542CE5D.
The webcast and presentation will be accessible and available
for replay through Pembina's website under Investor Centre,
Presentations & Events.
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 over 60 years. Pembina owns
and operates an integrated system of pipelines that transport
various products derived from natural gas and hydrocarbon liquids
produced primarily 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. Pembina's integrated
assets and commercial operations along the majority of the
hydrocarbon value chain allow it to offer a full spectrum of
midstream and marketing services to the energy sector. Pembina is
committed to working with its community and aboriginal neighbours,
while providing value for investors in a safe, environmentally
responsible manner. This balanced approach to operating ensures the
trust Pembina builds among all of its stakeholders is sustainable
over the long-term. Pembina's common shares trade on the
Toronto and New York stock exchanges under PPL and PBA,
respectively. For more information, visit www.pembina.com.
Forward-Looking Information and Statements
This news release contains certain forward-looking
information and statements that are based on Pembina's current
expectations, estimates, projections and assumptions in light of
its experience and its perception of historical trends. In this
news release, such forward-looking information and statements can
be identified by terminology such as "should", "may", "will",
"continue", "if", "to be", "expects", and similar
expressions.
In particular, this news release contains forward-looking
statements and information relating to: future dividends which may
be declared on Pembina's preferred shares, the dividend payment and
the tax treatment thereof. These forward-looking statements are
being made by Pembina based on certain assumptions that Pembina has
made in respect thereof as at the date of this news release,
regarding, among other things: oil and gas industry exploration and
development activity levels; the success of Pembina's operations,
growth projects and the integration of acquisitions; prevailing
commodity prices, margins, volumes and exchange rates; that
Pembina's future results of operations will be consistent with past
performance and management expectations in relation thereto; the
continued availability of capital at attractive prices to fund
future capital requirements relating to existing assets and
projects, including but not limited to future capital expenditures
relating to expansion, upgrades and maintenance shutdowns; the
success of growth projects; future operating costs; that any third
party projects relating to Pembina's growth projects will be
sanctioned and completed as expected; that any required commercial
agreements can be reached; that all required regulatory and
environmental approvals can be obtained on the necessary terms in a
timely manner; that counterparties to material agreements will
continue to perform in a timely manner; that there are no
unforeseen events preventing the performance of contracts; and that
there are no unforeseen material construction, integrity or other
costs related to current growth projects or current operations.
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; non-performance of agreements in
accordance with their terms; the impact of competitive entities and
pricing; reliance on key industry partners, alliances and
agreements; the strength and operations of the oil and natural gas
production industry and related commodity prices; the continuation
or completion of third-party projects; actions by governmental or
regulatory authorities including changes in tax laws and treatment,
changes in royalty rates or increased environmental regulation;
adverse general economic and market conditions in Canada, North
America and elsewhere; fluctuations in operating results;
construction delays; labour and material shortages; and certain
other risks detailed from time to time in Pembina's public
disclosure documents including, among other things, those detailed
under the heading "Risk Factors" in Pembina's management's
discussion and analysis and annual information form for the year
ended December 31, 2016, which can be
found at www.sedar.com.
Accordingly, readers are cautioned that events or
circumstances could cause results to differ materially from those
predicted, forecasted or projected. Such forward-looking statements
are expressly qualified by the above statements. Pembina does not
undertake any obligation to publicly update or revise any forward
looking statements or information contained herein, except as
required by applicable laws.
For further information: Investor Relations: Chelsy Hoy / Riley
Hicks, (403) 231-3156, 1-855-880-7404, e-mail:
investor-relations@pembina.com, www.pembina.com