Energia
Pembina Pipeline Corporation Declares February 2019 Common Share Dividend and Announces Fourth Quarter & Annual 2018 Results Conference Call and Webcast
For shareholders receiving their common share dividends in U.S. funds, the February 2019 cash dividend is expected to be approximately U.S. $0.1441 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.7582. 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.
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.
Pembina further announced that Mr. Doug Arnell has tendered his resignation from Pembina's Board of Directors, in order to pursue other business opportunities.
"Doug, who joined Pembina's Board in 2017 as part of the business combination with Veresen Inc., has been an excellent director for the Company, investing his valuable time, talent, passion and wisdom to help make our Company successful" said Mr. Randall Findlay , Chairman of the Board. "Doug was instrumental in guiding Pembina's strategy, particularly with respect to LNG and securing global markets. On behalf of Pembina's Board of Directors and management, I sincerely thank Doug for his contributions and wish him well," concluded Mr. Findlay.
Pembina will release its fourth quarter 2018 results on Thursday, February 21, 2019 after markets close. A conference call and webcast have been scheduled for Friday, February 22, 2019 , 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 1, 2019 at 11:59 p.m. ET . To access the replay, please dial either 416-849-0833 or 855-859-2056 and enter the password 4476144.
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://event.on24.com/wcc/r/1880615/5C669B405E364DCA99AEBF12B03DD994 in your web browser. Shortly after the call, an audio archive will be posted on the website for a minimum of 90 days.
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 an integrated system of pipelines that transport various hydrocarbon liquids and natural gas products produced primarily in western Canada . The Company also owns 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 identifying additional opportunities to connect hydrocarbon production to new demand locations through the development of infrastructure that would extend Pembina's service offering even further along the hydrocarbon value chain. These new developments will contribute to ensuring that hydrocarbons produced in the Western Canada Sedimentary Basin and the other basins where Pembina operates can reach the highest value markets throughout the world.
Pembina strives to provide sustainable, industry-leading total returns for our investors; reliable and value-added services for our customers; a net positive impact to communities; and a safe, respectful, collaborative and fair work culture for our employees.
Pembina's strategy is to:
Pembina is structured into three Divisions: Pipelines Division, Facilities Division and Marketing & New Ventures Division.
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.
Investor Relations: Scott Arnold , (403) 231-3156, 1-855-880-7404, e-mail: investor-relations@pembina.com, www.pembina.com