Pembina Pipeline Corporation Declares May 2022 Common Share Dividend

Source: www.gulfoilandgas.com 5/5/2022, Location: North America

Pembina Pipeline Corporation announced that its Board of Directors has declared a common share cash dividend for May 2022 of $0.21 per share to be paid, subject to applicable law, on June 15, 2022 to shareholders of record on May 25, 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 U.S. funds, the May 2022 cash dividend is expected to be approximately U.S. $0.1639 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.7806. 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 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.


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