5 Stocks That Pay Dividends Monthly

Below we present the list of 5 Stocks That Pay Dividends Monthly. For our methodology and a more comprehensive list please see 10 Stocks That Pay Dividends Monthly.

5. Pembina Pipeline Corporation (NYSE:PBA)

Number of Hedge Fund Shareholders: 14

Monthly Dividend Payout: $0.1588

Pembina Pipeline Corporation (NYSE:PBA) is one of the steadier monthly dividend payers, boasting a six-year history of dividend growth, though that streak appears to be in jeopardy this year. Nonetheless, the company has continued to make solid monthly payments of between $0.1587 and $0.1676 monthly, with the stock’s overall yield coming out to about 6%. Pembina’s payout ratio stands at 95%. The company grew revenue by over 50% year-over-year in Q2 to CAD3.10 billion, while EPS jumped by CAD0.30 to CAD0.69.

Pembina Pipeline Corporation (NYSE:PBA) has proven popular among hedge funds in recent quarters as oil prices have risen, with ownership of the stock nearly doubling over the last three quarters. Jim Simons’ Renaissance Technologies and Steve Cohen’s Point72 Asset Management are two of the company’s most influential shareholders.

Pembina Pipeline Corporation (NYSE:PBA) was one of the big Q1 winners for the ClearBridge Investments Global Infrastructure Income Strategy, which had to say about the company in its Q1 2022 investor letter:

“On a regional basis, the U.S. and Canada were the top contributors to quarterly performance. Pembina Pipeline, which provides transportation and midstream services for the energy industry in North America, was also up on greater LNG demand. The hiring of Scott Burrows as permanent CEO and Jaret Sprott as COO and reaffirmation of its corporate strategy also boosted investor sentiment. On an individual stock basis, the largest contributors to absolute returns in the quarter includes Pembina Pipeline.”