Pembina Pipeline Corporation Declares Quarterly Preferred Share Dividends and Announces Second Quarter 2023 Results Conference Call and Webcast

Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that its Board of Directors has declared quarterly dividends for the Company's preferred shares, Series 1, 3, 5, 7, 9, 15, 17, 19, 21, 22 and 25. Series 1, 3, 5, 7, 9, 21 and 22 preferred share dividends are payable on September 1, 2023, to shareholders of record on August 1, 2023. Series 15, 17 and 19 preferred share dividends are payable on October 2, 2023, to shareholders of record on September 15, 2023. Series 25 preferred share dividends are payable on August 15, 2023, to shareholders of record on July 31, 2023.

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Series			Dividend Amount
Preferred Shares, Series 1 (PPL.PR.A)			$0.306625
Preferred Shares, Series 3 (PPL.PR.C)			$0.279875
Preferred Shares, Series 5 (PPL.PR.E)			$0.285813
Preferred Shares, Series 7 (PPL.PR.G)			$0.273750
Preferred Shares, Series 9 (PPL.PR.I)			$0.268875
Preferred Shares, Series 15 (PPL.PR.O)			$0.385250
Preferred Shares, Series 17 (PPL.PR.Q)			$0.301313
Preferred Shares, Series 19 (PPL.PR.S)			$0.292750
Preferred Shares, Series 21 (PPL.PF.A)			$0.393875
Preferred Shares, Series 22 (PPL.PF.B)			$0.485836