5 Best High Dividend Stocks in Canada for 2022

3. Pembina Pipeline Corporation (NYSE:PBA)

Dividend Yield as of December 16: 6.64%

Pembina Pipeline Corporation (NYSE:PBA) is an oil, natural gas, and ethylene storage and transport company.

TD Securities analyst Linda Ezergailis lowered the price target on Pembina Pipeline Corporation (NYSE:PBA) on December 10 to C$44 from C$45 and kept a Buy rating on the stock.

In the third quarter earnings report, published on November 4, Pembina Pipeline Corporation (NYSE:PBA) announced earnings per share of $0.53, beating estimates by $0.01. Revenue over the period jumped 43.45% to $1.72 billion, exceeding estimates by $218.91 million. 

John Overdeck and David Siegel’s Two Sigma Advisors is one of the leading Pembina Pipeline Corporation (NYSE:PBA) stakeholders as of Q3 2021, increasing its stake in the company by 57%, holding 336,083 shares worth $10.65 million. Overall, 8 funds in the third quarter database of Insider Monkey were long Pembina Pipeline Corporation (NYSE:PBA), with total stakes amounting to $62.6 million.