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Pembina Pipeline Corporation Declares September 2022 Common Share Dividend
Pembina Pipeline Corporation Declares September 2022 Common Share Dividend Cana...
About this update from Pembina Pipeline Corporation
[{"type":"text","content":"\n \n \n \n Pembina Pipeline Corporation Declares September 2022 Common Share Dividend\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n \n \n \n \n \n \n CALGARY, AB\n \n \n ,\n \n \n Sept. 7, 2022\n \n \n /CNW/ - Pembina Pipeline Corporation (\"Pembina\" or the \"Company\") (TSX: PPL) (NYSE: PBA) announced today that its Board of Directors has declared a common share cash dividend for\n \n September 2022\n \n of\n \n $0.2175\n \n per share to be paid, subject to applicable law, on\n \n October 14, 2022\n \n , to shareholders of record on\n \n September 23, 2022\n \n . As previously announced, Pembina's Board of Directors approved a\n \n $0.0075\n \n per common share increase to its monthly common share dividend rate to\n \n $0.2175\n \n in connection with the closing of the Pembina Gas Infrastructure transaction. 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.\n \n \n For shareholders receiving their common share dividends in U.S. funds, the\n \n September 2022\n \n cash dividend is expected to be approximately U.S.\n \n $0.1655\n \n per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.7611. 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.\n \n \n \n Confirmation of Record and Payment Date Policy\n \n \n \n Pembina pays cash dividends on its common shares in Canadian dollars on a monthly basis to shareholders of record on the 25\n \n th\n \n day of each month (except for the December record date, which is\n \n December 31\n \n \n st\n \n ), 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 15...