March 17 (Reuters) - Pembina Pipeline Corp PPL.TO
* Says Pembina pipeline corporation announces acquisition of
strategic midstream assets for $556 million and a dividend
increase
* Says transaction is expected to be immediately accretive
to cash flow per share
* Says has agreed to fund a debottlenecking initiative
supporting Kakwa assets, for approximately $35 million
* Says Board of directors has approved a monthly common
share dividend increase of $0.0075 per common share
* Says dividend increase from $0.1525 per common share to
$0.16 per common share denotes a 4.9 percent increase
* Says transaction will add 250 million cubic feet per day
("mmcf/d") of processing capacity in one of pembina's core
areas
Source text for Eikon: ID:nPn3C2y2Ba
Further company coverage: PPL.TO