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Pembina Pipeline Corp. declares April 2022 common share dividend

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World Pipelines,


Pembina Pipeline Corp. (‘Pembina’ or the ‘Company’) has announced that its Board of Directors has declared a common share cash dividend for April 2022 of US$0.21 per share to be paid, subject to applicable law, on 13 May 2022 to shareholders of record on 25 April 2022. The common share dividends are designated ‘eligible dividends’ 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 US funds, the April 2022 cash dividend is expected to be approximately US$0.1687 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.8031. The actual US dollar dividend will depend on the Canadian/US dollar exchange rate on the payment date and will be subject to applicable withholding taxes.

Pembina's Board of Directors also declared quarterly dividends for the Company's preferred shares, Series 1, 3, 5, 7, 9, 15, 17, 19, 21, 23 and 25. Series 1, 3, 5, 7, 9 and 21 preferred share dividends are payable on 1 June 2022 to shareholders of record on 2 May 2022. Series 15, 17 and 19 preferred share dividends are payable on 30 June 2022 to shareholders of record on 15 June 2022. Series 23 and 25 preferred share dividends are payable on 16 May 2022 to shareholders of record on 2 May 2022.

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 calendar day of the month following the record date. Should the payment date fall on a weekend or on a statutory holiday, the business day prior to the weekend or statutory holiday becomes the payment date.

Dividends on the preferred shares Series 1, 3, 5, 7, 9 and 21 are payable on the first calendar day of March, June, September and December in each year, if, as and when declared by the Board of Directors to shareholders of record on the first calendar day of the preceding month, or, if such payment or record date is not a business day, the next succeeding business day after the weekend or statutory holiday. Dividends on the preferred shares Series 15, 17 and 19 are payable on the last calendar day of March, June, September and December in each year, if, as and when declared by the Board of Directors to shareholders of record on the 15th calendar day of the same month, or, if such payment or record date is not a business day, the next succeeding business day after the weekend or statutory holiday. Dividends on the preferred shares Series 23 and 25 are payable on the 15th day of February, May, August and November in each year, if, as and when declared by the Board of Directors to shareholders of record on the last business day of the preceding month, or, if such payment or record date is not a business day, the next succeeding business day after the weekend or statutory holiday.

Conference call and webcast details for 1Q22 results

Pembina will release its first quarter 2022 results on Thursday, 5 May 2022 after markets close. A conference call and webcast have been scheduled for Friday, 6 May 2022, 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 US are 647-792-1240 or 800-437-2398. A recording of the conference call will be available for replay until 13 May 2022 at 11:59 p.m. ET. To access the replay, please dial either 647-436-0148 or 888-203-1112 and enter the password 1397681.

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 https://produceredition.webcasts.com/starthere.jsp?ei=1501650&tp_key=057312b160 in your web browser. Shortly after the call, an audio archive will be posted on the website for a minimum of 90 days.

 

 

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World Pipelines’ April 2022 issue

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Read the article online at: https://www.worldpipelines.com/business-news/07042022/pembina-pipeline-corp-declares-april-2022-common-share-dividend/

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