5 Dividend Stocks to Increase Your Monthly Income

3. Pembina Pipeline Corporation (NYSE: PBA)

Number of Hedge Fund Holders: 15
Dividend Yield: 6.19%

Pembina Pipeline Corporation (NYSE: PBA) is a provider of transportation and midstream services, operating in the energy industry. The company operates through its Pipelines, Facilities, and Marketing & New Ventures segments, and ranks 3rd on our list of dividend stocks to increase your monthly income.

RBC Capital holds an Outperform rating on shares of Pembina Pipeline Corporation (NYSE: PBA) as of this August.

In the second quarter of 2021, Pembina Pipeline Corporation (NYSE: PBA) had an EPS of $0.37, missing estimates by $0.07. The company’s revenue was $1.56 billion, up 63.99% year over year and beating estimates by $361.48 million.

By the end of the second quarter of 2021, 15 hedge funds out of the 873 tracked by Insider Monkey held stakes in Pembina Pipeline Corporation (NYSE: PBA) worth roughly $116 million. This is compared to 15 hedge funds in the previous quarter with a total stake value of approximately $75 million.