TORONTO, June 3, 2013 /CNW/ - Pacific Rubiales Energy Corp. (TSX: PRE ; BVC: PREC; BOVESPA: PREB) announced today an increase of 50% to its quarterly cash dividend. The Board of Directors approved an increase in the dividend to U.S. $0.165 per common share from the previous U.S. $0.110 per common share, payable on June 28, 2013 to shareholders of record as of June 20, 2013 and to holders of Brazilian Depositary Receipts (the "BDRs") of record as of June 17, 2013. The ex-dividend date for shareholders trading on the Toronto Stock Exchange and the La Bolsa de Valores de Colombia (or the Colombia Stock Exchange) as well as for those trading BDRs on the Bolsa de Valores Mercadorias e Futuros (or the Brazilian Stock Exchange) is June 18, 2013. "Pacific Rubiales is committed to delivering a dividend that is reliable, sustainable and competitive," commented Ronald Pantin, Chief Executive Officer of the Company.