Pembina Pipeline Corporation Announces Increased April 2012 Dividend

    




 CALGARY, April 12, 2012 /CNW/ - The Board of Directors of Pembina  Pipeline Corporation ("Pembina" or the "Company")   has declared an April 2012 cash dividend of $0.135 per share to be  paid, subject to applicable law, on May 15, 2012 to shareholders of  record on April 25, 2012. This dividend is designated an "eligible  dividend" for Canadian income tax purposes. For non-resident  shareholders, Pembina's dividends are considered "qualified dividends"  and are subject to Canadian withholding tax. 

 As previously announced, Pembina has increased its monthly dividend rate  from $0.13 per share per month ($1.56 annualized) to $0.135 per share  per month ($1.62 annualized), representing a 3.8 percent increase and  reflecting management's confidence in the significant operational and  financial strength of the Company going forward. 

 For shareholders receiving their dividends in U.S. funds, the April 2012  cash dividend will be approximately U.S.$0.1343 per share (before  deduction of any applicable Canadian withholding tax) based on a  currency exchange rate of 0.995. 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. 

 About Pembina  

 With nearly 60 years experience, Calgary-based Pembina Pipeline  Corporation is a well-managed and responsible transportation and  service provider to North America's energy industry. Pembina owns and  operates pipelines that transport crude oil, natural gas liquids,  diluent and diluted bitumen produced in western Canada, offers a full  spectrum of midstream and marketing services and has a strong presence  in the gas services sector. Pembina also owns and manages a natural gas  liquids infrastructure and logistics business, with facilities  strategically located in western Canada and in the premium natural gas  liquids markets in eastern Canada and the U.S. Pembina provides monthly  cash dividends to its shareholders. Pembina's common shares and  convertible debentures are traded on the Toronto Stock Exchange under  the symbols PPL and PPL.DB.C, PPL.DB.E and PPL.DB.F respectively.  Pembina's common shares are traded on the New York Stock Exchange under  the symbol PBA. 

 All dollar values are in Canadian dollars unless otherwise stated. 

Pembina Pipeline Corporation


CONTACT:  Investor RelationsAshley Nuell or Hayley Nelson(403) 231-75001-888-428-3222e-mail:  [e-mail] 


    

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