Pembina Pipeline Corporation (PBA) Declares June 2022 Common Share Dividend

Pembina Pipeline Corporation ("Pembina" or the "Company") (TSX: PPL) (NYSE: PBA) announced today that its Board of Directors has declared a common share cash dividend for June 2022 of $0.21 per share to be paid, subject to applicable law, on July 15, 2022 to shareholders of record on June 24, 2022. The common share dividends are designated "eligible dividends" for Canadian income tax purposes. For non-resident shareholders, Pembina's common share dividends should be considered "qualified dividends" and may be subject to Canadian withholding tax.

For shareholders receiving their common share dividends in U.S. funds, the June 2022 cash dividend is expected to be approximately U.S. $0.1667 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.7938. 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.

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