5 Monthly Dividend Stocks to Buy in March

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In this article, we discuss 5 monthly dividend stocks to buy in March. If you want our detailed analysis of these stocks, go directly to 10 Monthly Dividend Stocks to Buy in March

5. Pembina Pipeline Corporation (NYSE:PBA)

Number of Hedge Fund Holders: 10

Dividend Yield as of March 7: 5.48%

Pembina Pipeline Corporation (NYSE:PBA) was incorporated in 1954 and is headquartered in Calgary, Canada, offering transportation and midstream services for the energy industry. RBC Capital analyst Robert Kwan on March 3 raised the price target on Pembina Pipeline Corporation (NYSE:PBA) to C$49 from C$48 and kept an Outperform rating on the shares.

On March 3, Pembina Pipeline Corporation (NYSE:PBA) reported a per share monthly dividend of C$0.21, in line with previous. The dividend is payable on April 14, for shareholders of record on March 25. Pembina Pipeline Corporation (NYSE:PBA)’s dividend yield on March 7 came in at 5.48%. 

Pembina Pipeline Corporation (NYSE:PBA) and KKR & Co. Inc. (NYSE:KKR) announced on March 1 that they will combine their western Canadian natural gas processing assets into a single, new joint venture entity, which will be owned 60% by Pembina Pipeline Corporation (NYSE:PBA) and 40% by KKR’s global infrastructure funds.

Among the hedge funds tracked by Insider Monkey, 10 funds were bullish on Pembina Pipeline Corporation (NYSE:PBA) at the end of December 2021, up from 8 funds in the prior quarter. GLG Partners is a significant shareholder of the company, with 242,659 shares worth $7.3 million. 

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