5 TSX-60 Stocks that Pay Dividends

2. Pembina Pipeline Corporation (NYSE:PBA)

Number of Hedge Fund Holders: 10

Dividend Yield as of April 27: 5.28%

Pembina Pipeline Corporation (NYSE:PBA) is a Calgary-based company that provides transportation and midstream services for the energy industry. Pembina Pipeline Corporation (NYSE:PBA)’s dividend yield on April 27 stood at 5.28%. 

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

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

Pembina Pipeline Corporation (NYSE:PBA) declared a C$0.21 per share monthly dividend. The dividend will be distributed on May 13, to shareholders of the company as of April 25. 

Among the hedge funds tracked by Insider Monkey, Pembina Pipeline Corporation (NYSE:PBA) was found in the public stock portfolios of 10 funds at the end of December 2021, compared to 8 funds in the prior quarter. Israel Englander’s Millennium Management is the leading stakeholder of the company, with a position worth $16.20 million.