5 Monthly Dividend Stocks to Buy in April

4. Pembina Pipeline Corporation (NYSE:PBA)

Dividend Yield as of April 6: 5.27%

Number of Hedge Fund Holders: 10

Pembina Pipeline Corporation (NYSE:PBA) is a Canadian company that is involved in the transportation and midstream services for the energy industry. The company also sells hydrocarbon liquids and natural gas that is excavated from the Western Canadian sedimentary basin. 

Pembina Pipeline Corporation (NYSE:PBA)’s revenue for 2021 came in at $6.8 billion, up from $4.6 billion in the previous year. The $982.2 million net income in 2021 also strongly rebounded from the prior year’s loss of $248.3 million. 

On April 6, Pembina Pipeline Corporation (NYSE:PBA) declared a C$0.21 per share monthly dividend. The dividend will be paid on May 13, to shareholders of the company at the close of business on April 25. Pembina Pipeline Corporation (NYSE:PBA)’s dividend yield on April 6 came in at 5.27%. 

RBC Capital analyst Robert Kwan maintained an Outperform rating on Pembina Pipeline Corporation (NYSE:PBA) and raised the firm’s price target on the shares to C$49 from C$48 on March 3. 

Among the hedge funds tracked by Insider Monkey at the end of December 2021, 10 funds placed long calls on Pembina Pipeline Corporation (NYSE:PBA), compared to 8 funds in the previous quarter. The total stakes held in Q4 amounted to $36.8 million. GLG Partners owns a significant position in the company, holding 242,659 shares worth $7.3 million.