Pembina Pipeline Corporation Declares January 2019 Common Share Dividend and Quarterly Preferred Share Dividends

CALGARY, Alberta, Jan. 7, 2019 /PRNewswire/ -- Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL; NYSE: PBA) announced today that its Board of Directors declared a common share cash dividend for January 2019 of $0.19 per share to be paid, subject to applicable law, on February 15, 2019 to shareholders of record on January 25, 2019.

For shareholders receiving their common share dividends in U.S. funds, the January 2019 cash dividend is expected to be approximately U.S. $0.1417 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.7457. 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's Board of Directors also declared quarterly dividends for the Company's preferred shares, Series 1, 3, 5, 7, 9, 11, 13, 15, 17, 19 and 21. Series 1, 3, 5, 7, 9, 11, 13 and 21 preferred share dividends are payable on March 1, 2019 to shareholders of record on February 1, 2019. Series 15, 17 and 19 preferred share dividends are payable on April 1, 2019 to shareholders of record on March 15, 2019.

Series	Dividend Amount
Preferred Shares, Series 1   (PPL.PR.A)	$0.306625
Preferred Shares, Series 3   (PPL.PR.C)	$0.293750
Preferred Shares, Series 5   (PPL.PR.E)	$0.312500
Preferred Shares, Series 7   (PPL.PR.G)