Pembina Pipeline Corp 6-K, filed May 6, 2022

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANTTO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of May 2022

Commission File Number:  001-35563

PEMBINA PIPELINE CORPORATION

(Name of registrant)

(Room #39-095) 4000, 585 8^th^ Avenue S.W.

Calgary, Alberta T2P 1G1

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Form6-K Exhibit Index

Exhibit99.1

Pembina Pipeline Corporation Declares May 2022 Common Share Dividend

CALGARY, AB, May 5, 2022 /CNW/ - 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 May 2022 of $0.21 per share to be paid, subject to applicable law, on June 15, 2022 to shareholders of record on May 25, 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 May 2022 cash dividend is expected to be approximately U.S. $0.1639 per share (before deduction of any applicable Canadian withholding tax) based on a currency exchange rate of 0.7806. 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.

Confirmation of Record and Payment Date Policy

Pembina pays cash dividends on its common shares in Canadian dollars on a monthly basis to shareholders of record on the 25^th^ calendar day of each month (except for the December record date, which is December 31^st^), 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 15^th^ calendar day of the month following the record date. Should the payment date fall on a weekend or on a statutory holiday, the business day prior to the weekend or statutory holiday becomes the payment date.

About Pembina

Pembina Pipeline Corporation is a leading energy transportation and midstream service provider that has served North America's energy industry for more than 65 years. Pembina owns an integrated network of hydrocarbon liquids and natural gas pipelines, gas gathering and processing facilities, oil and natural gas liquids infrastructure and logistics services, and a growing export terminals business. Through our integrated value chain, we seek to provide safe and reliable infrastructure solutions which connect producers and consumers of energy across the world, support a more sustainable future and benefit our customers, investors, employees and communities. For more information, please visit pembina.com.

Purpose of Pembina:

To be the leader in delivering integrated infrastructure solutions connecting global markets:

Pembina is structured into three Divisions: Pipelines Division, Facilities Division and Marketing & New Ventures Division.

Pembina's common shares trade on the Toronto and New York stock exchanges under PPL and PBA, respectively. For more information, visit www.pembina.com.

Forward-Looking Information and Statements

This news release contains certain forward-lookinginformation and statements (collectively, "forward-looking statements"), including forward-looking statements within the meaningof the "safe harbor" provisions of applicable securities legislation, that are based on Pembina's current expectations, estimates,projections and assumptions in light of its experience and its perception of historical trends. In some cases, forward-looking statementscan be identified by terminology such as "continue", "anticipate", "schedule", "will", "expects","estimate", "potential", "planned", "future", "outlook", "strategy", "protect","trend", "commit", "maintain", "focus", "ongoing", "believe" and similar expressionssuggesting future events or future performance.

In particular, this news release contains forward-lookingstatements relating to: future dividends which may be declared on Pembina's common shares; the timing and the amount of such dividendpayments; and the expected tax treatment thereof. The forward-looking statements are based on certain assumptions that Pembina has madein respect thereof as at the date of this news release regarding, among other things: the success of Pembina's operations and growth projects;prevailing commodity prices, margins, volumes and exchange rates; that Pembina's future results of operations will be consistent withpast performance and management expectations in relation thereto; the availability of capital to fund future capital requirements relatingto existing assets and projects; future operating costs; that all required regulatory and environmental approvals can be obtained on thenecessary terms in a timely manner; prevailing regulatory, tax and environmental laws and regulations; maintenance of operating margins;and the availability of coverage under Pembina's insurance policies (including in respect of Pembina's business interruption insurancepolicy).

Although Pembina believes the expectations andmaterial factors and assumptions reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurancethat these expectations, factors and assumptions will prove to be correct. These forward-looking statements are not guarantees of futureperformance and are subject to a number of known and unknown risks and uncertainties including, but not limited to: the regulatory environmentand decisions; Indigenous and landowner consultation requirements; the impact of competitive entities and pricing; reliance on third partiesto successfully operate and maintain certain assets; the strength and operations of the oil and natural gas production industry and relatedcommodity prices; non-performance or default by counterparties to agreements which Pembina or one or more of its affiliates has enteredinto in respect of its business; actions by governmental or regulatory authorities; the ability of Pembina to acquire or develop the necessaryinfrastructure in respect of future development projects; fluctuations in operating results; adverse general economic and market conditionsin Canada, North America and worldwide; risks relating to the current and potential adverse impacts of the COVID-19 pandemic; the abilityto access various sources of debt and equity capital; changes in credit ratings; counterparty credit risk; the conflict between Ukraineand Russia and its potential impact on, among other things, global market conditions and supply and demand, energy and commodity prices;interest rates, supply chains and the global economy generally; and certain other risks and uncertainties detailed in Pembina's management'sdiscussion and analysis and annual information form, each for the year ended December 31, 2021, and from time to time in Pembina's publicdisclosure documents available at www.sedar.com, www.sec.gov and through Pembina's website at www.pembina.com.

This list of risk factors should not be construedas exhaustive. Readers are cautioned that events or circumstances could cause actual results to differ materially from those predicted,forecasted or projected. The forward-looking statements contained in this news release speak only as of the date hereof. Pembina doesnot undertake any obligation to publicly update or revise any forward-looking statements or information contained herein, except as requiredby applicable laws. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement. ****

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%CIK: 0001546066

For further information: Investor Relations, Scott Arnold, (403) 231-3156, 1-855-880-7404, e-mail: investor-relations@pembina.com, www.pembina.com

CO: Pembina Pipeline Corporation

CNW 17:19e 05-MAY-22