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Pembina Q1 profits falls to $120M; increases dividend 5.2%

2015-05-06 04:04:24| Energy - Topix.net

Pembina Pipeline Corp. is increasing its dividend more than five per cent despite seeing revenue and profits reduced in the first quarter in the face of sharply lower oil prices. The Calgary-based pipeline operator and midstream service provided said net income fell to $120 million or 32 cent per diluted share in the three months ended March 31. That was down from $147 million or 41 cents in the comparable year-earlier period.

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