In this article, we discuss 5 monthly dividend stocks to buy in April. If you want to check out some more stocks that pay monthly dividends, click 10 Monthly Dividend Stocks to Buy in April.
5. Peyto Exploration & Development Corp. (OTC:PEYUF)
Dividend Yield as of April 6: 4.39%
Number of Hedge Fund Holders: N/A
Peyto Exploration & Development Corp. (OTC:PEYUF) was founded in 1998 and is headquartered in Calgary, Canada. The company deals in the exploration and production of oil, natural gas, and natural gas liquids in the Deep Basin of Alberta.
On February 16, Peyto Exploration & Development Corp. (OTC:PEYUF) declared a C$0.05 per share monthly dividend, in line with previous. The dividend was distributed on March 15, to shareholders of the company as of February 28. Peyto Exploration & Development Corp. (OTC:PEYUF)’s dividend yield on April 6 came in at 4.39%.
Stifel analyst Robert Fitzmartyn on March 11 reiterated a Buy recommendation on Peyto Exploration & Development Corp. (OTC:PEYUF) and raised the firm’s price target on the shares to C$17 from C$16.50.
In the Q4 earnings press release on March 10, Peyto Exploration & Development Corp. (OTC:PEYUF) reported Q4 GAAP earnings per share of $0.42. The fourth quarter FFO of $166 million, or $0.96 per diluted share, was up 119% year-over-year. Revenue for the period also increased approximately 89% from the prior-year quarter, reaching $236.36 million. For its 2022 guidance, the company disclosed plans for its capital program of $350 to $400 million, which includes operating 5 drilling rigs throughout the year and expanding its infrastructure assets to facilitate higher production.
4. Pembina Pipeline Corporation (NYSE:PBA)
Dividend Yield as of April 6: 5.27%
Number of Hedge Fund Holders: 10
Pembina Pipeline Corporation (NYSE:PBA) is a Canadian company that is involved in the transportation and midstream services for the energy industry. The company also sells hydrocarbon liquids and natural gas that is excavated from the Western Canadian sedimentary basin.
Pembina Pipeline Corporation (NYSE:PBA)’s revenue for 2021 came in at $6.8 billion, up from $4.6 billion in the previous year. The $982.2 million net income in 2021 also strongly rebounded from the prior year’s loss of $248.3 million.
On April 6, Pembina Pipeline Corporation (NYSE:PBA) declared a C$0.21 per share monthly dividend. The dividend will be paid on May 13, to shareholders of the company at the close of business on April 25. Pembina Pipeline Corporation (NYSE:PBA)’s dividend yield on April 6 came in at 5.27%.
RBC Capital analyst Robert Kwan maintained an Outperform rating on Pembina Pipeline Corporation (NYSE:PBA) and raised the firm’s price target on the shares to C$49 from C$48 on March 3.
Among the hedge funds tracked by Insider Monkey at the end of December 2021, 10 funds placed long calls on Pembina Pipeline Corporation (NYSE:PBA), compared to 8 funds in the previous quarter. The total stakes held in Q4 amounted to $36.8 million. GLG Partners owns a significant position in the company, holding 242,659 shares worth $7.3 million.
3. Pioneer Floating Rate Fund, Inc. (NYSE:PHD)
Dividend Yield as of April 6: 6.60%
Number of Hedge Fund Holders: N/A
Pioneer Floating Rate Fund, Inc. (NYSE:PHD) is a close-ended fixed income mutual fund that focuses on the fixed income markets of the United States, particularly investing in senior secured floating-rate loans. Pioneer Floating Rate Fund, Inc. (NYSE:PHD) yields 6.60% as of April 6.
Pioneer Floating Rate Fund, Inc. (NYSE:PHD) announced on April 5 a $0.0575 per share monthly dividend, in line with previous. The dividend is payable on April 29, to shareholders of the fund at the close of business on April 19.
2. Sabine Royalty Trust (NYSE:SBR)
Dividend Yield as of April 6: 7.22%
Number of Hedge Fund Holders: 4
Headquartered in Dallas, Texas, Sabine Royalty Trust (NYSE:SBR) owns royalty and mineral interests in multiple oil and gas producing properties located in Florida, Louisiana, Mississippi, New Mexico, Oklahoma, and Texas. As of April 6, Sabine Royalty Trust (NYSE:SBR)’s dividend yield stood at 7.22%.
Sabine Royalty Trust (NYSE:SBR) on April 6 declared a $0.7302 per share monthly dividend, a 56.3% increase from its prior dividend of $0.4672. The dividend is payable on April 29, for shareholders of record on April 18.
For 2021, Sabine Royalty Trust (NYSE:SBR)’s full-year revenue came in at $60.9 million, up from its prior year revenue of $36.4 million. Net income in 2021 was approximately $58 million, compared to $33.3 million in the previous year. At the end of 2021, Sabine Royalty Trust (NYSE:SBR)’s cash flow amounted to $16.2 million, a significant increase from its 2020 cash flow of $4.8 million. This is indicative of the company’s ability to sustainably continue dividend payments in the near term.
According to Insider Monkey’s Q4 data, 4 hedge funds were bullish on Sabine Royalty Trust (NYSE:SBR), with combined stakes amounting to roughly $5 million. Chuck Royce’s Royce & Associates is the leading shareholder of the company, with 82,648 shares worth $3.4 million.
1. San Juan Basin Royalty Trust (NYSE:SJT)
Dividend Yield as of April 6: 10.50%
Number of Hedge Fund Holders: 2
San Juan Basin Royalty Trust (NYSE:SJT) was founded in 1980 and is based in Houston, Texas. Operating as an express trust, San Juan Basin Royalty Trust (NYSE:SJT) owns royalty interests in oil and natural gas properties located in the San Juan Basin in New Mexico. The stock has gained nearly 40% year-to-date.
On March 21, San Juan Basin Royalty Trust (NYSE:SJT) declared a per share monthly dividend of $0.1191, which reflects a 39% increase from its previous dividend of $0.0857. The dividend is payable on April 14, to shareholders of the company as of March 31. The company’s dividend yield on April 6 came in at 10.50%.
San Juan Basin Royalty Trust (NYSE:SJT) reported a full-year 2021 revenue of $37.6 million, up from $8.9 million in 2020. Similarly, the net income improved significantly in 2021, reaching $36 million, compared to $7.4 million in the prior year. Cash flows in 2021 amounted to $6.2 million, versus $1.3 million in the earlier year.
According to Insider Monkey’s fourth quarter database, Michael Price’s MFP Investors and Israel Englander’s Millennium Management were bullish on San Juan Basin Royalty Trust (NYSE:SJT), with collective stakes valued at $888,000.
You can also take a look at 10 Mid-Cap Stocks Hedge Funds Are Talking About and 10 Best High Dividend Stocks to Buy Now.
