Pembina Pipeline Corporation Announces March 2012 Dividend

CALGARY, March 12, 2012 /CNW/ - The Board of Directors of Pembina Pipeline Corporation ("Pembina") (TSX: PPL) has declared a March 2012 cash dividend of $0.13 per share to be paid, subject to applicable law, on April 13, 2012 to shareholders of record on March 25, 2012. This dividend is designated an "eligible dividend" for Canadian income tax purposes. For non-resident shareholders, Pembina's dividends are subject to Canadian withholding tax.

For eligible Pembina shareholders, Pembina offers a Premium Dividend™ and Dividend Reinvestment Plan ("DRIP"), which provides shareholders with a convenient and economical way to maximize their investment in Pembina.  Further details and enrollment forms for the DRIP are available on Pembina's website at www.pembina.com under Investor Centre.

Pembina transports crude oil and natural gas liquids produced in western Canada, owns and operates oil sands pipelines and has a strong presence in the midstream and marketing and gas services sectors. Pembina provides monthly cash dividends to its shareholders. Its common shares and convertible debentures are traded on the Toronto Stock Exchange under the symbols PPL and PPL.DB.C respectively.

All dollar values are in Canadian dollars.

Glenys Hermanutz
Vice President, Corporate Affairs
Pembina Pipeline Corporation
[phone]
1-888-428-3222
e-mail:  [email protected]