Pembina Pipeline (PBA) Raises Quarterly Dividend 4.9% to $0.16; 2.3% Yield

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Go back to Pembina Pipeline (PBA) Raises Quarterly Dividend 4.9% to $0.16; 2.3% Yield

Pembina Pipeline Corporation Announces Acquisition of Strategic Midstream Assets for $556 Million and a Dividend Increase

March 17, 2016 4:07 PM EDT

CALGARY, March 17, 2016 /PRNewswire/ - Pembina Pipeline Corporation ("Pembina" or "the Company") (TSX: PPL; NYSE: PBA) is pleased to announce that it has entered into agreements to acquire certain sour natural gas processing assets (the "Acquired Assets") from Paramount Resources ("Paramount") for cash consideration of approximately $556 million, subject to customary closing adjustments (the "Transaction").

Transaction Highlights

The Acquired Assets include Paramount's recently constructed Kakwa sour natural gas processing complex and associated infrastructure including gas gathering pipelines, sales gas pipeline and future disposal wells (the "Kakwa Assets"); and Paramount's... More