6% Yield, Monthly Payer, No K-1

The International Energy Agency estimates that "total oil and natural gas demand is expected to increase 16% by 2040, supplying 52% of the world's energy needs. Energy demand will be driven by a 19% increase in the world's population and rising per capita energy use, supporting improved global living standards."

Calgary, Canada-based Pembina Pipeline Corporation (PBA) provides transportation and midstream services for the energy industry. It operates through 3 segments: Pipelines, Facilities, and Marketing & New Ventures. PBA is a member of the Toronto Exchange 60 Index, and has paid approximately $9.5 billion in dividends since inception. PBA was incorporated in 1954. PBA pays $CAN $.21 monthly and yields 6.3%. It has strong 1.62X dividend coverage and is rated Investment Grade. Valuations, profitability, debt & leverage, and performance vs. midstream averages are detailed in this article. 2 options-selling trades for PBA are also offered, with tax deferral benefits.

Source: Seeking Alpha

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