Pembina Pipeline, a oil and gas company, is down around 5% this year and is trading near its 52-week low of $48.35.
Despite the decline, Pembina offers a high dividend yield of 5.6%, significantly higher than the S&P 500 average.
The company has shown stable financials, generating $2.7 billion in free cash flow while paying out $1.7 billion in cash dividends over the last 12 months.
Pembina has increased its quarterly dividend by 3% and reported higher earnings in the first three months of the year, indicating confidence in its performance.