5 Canadian Dividend Stocks to Buy

3. Pembina Pipeline Corp (NYSE:PBA)

Number of Hedge Fund Holders: 8

Dividend Yield: 6.2%

Number of Years of Dividend Increases: 6

Pembina Pipeline Corp (NYSE:PBA), an oil and gas storage and transportation company, is among investor favorites for Canadian dividend stocks to buy, with a yield of over 6%. The company operates conventional, oil sands, and heavy oil and transmission assets and has a transportation capacity of 3.2 millions of barrels of oil.

This December, TD Securities analyst Linda Ezergailis also reiterated a Buy rating on Pembina Pipeline Corp (NYSE:PBA) shares.