5 Energy Dividend Stocks with Over 4% Yield

In this article, we discuss 5 energy dividend stocks with over 4% yield. If you want to see some more high yield energy picks, click 10 Energy Dividend Stocks with Over 4% Yield.

5. Pembina Pipeline Corporation (NYSE:PBA)

Number of Hedge Fund Holders: 10

Dividend Yield as of April 20: 4.96%

Headquartered in Calgary, Canada, Pembina Pipeline Corporation (NYSE:PBA) is a transportation and midstream services company. The company deals in crude oil, natural gas, condensate, and natural gas liquids. Pembina Pipeline Corporation (NYSE:PBA)’s dividend yield on April 20 stood at 4.96%. 

On April 19, Scotiabank analyst Robert Hope maintained an Outperform rating on Pembina Pipeline Corporation (NYSE:PBA) and raised the firm’s price target on the shares to C$54 from C$49. 

In 2021, Pembina Pipeline Corporation (NYSE:PBA)’s revenue for the year came in at $6.8 billion, compared to $4.6 billion in the previous year. The net income in 2021 stood at $982.2 million, versus a loss of $248.3 million in 2020. 

Pembina Pipeline Corporation (NYSE:PBA) declared on April 6 a C$0.21 per share monthly dividend, in line with previous. The dividend is payable on May 13, for shareholders of record on April 25. The stock has gained almost 32.5% year-to-date. 

According to Insider Monkey’s Q4 data, 10 hedge funds were bullish on Pembina Pipeline Corporation (NYSE:PBA), up from 8 funds in the earlier quarter. The total stakes held in the fourth quarter amounted to $36.8 million. Israel Englander’s Millennium Management is a significant shareholder of the company, with 533,808 shares worth $16.2 million.