While the .26 billion company is not an oil producer, it provides transportation and midstream services in North America. Pembina counts among the stocks that have increased ordinary cash dividends every year for five years. It's capable of maintaining the same payout for at least two straight years within those five years.
Pembina's highly contracted commercial framework makes it resilient despite the lower activity of oil producers in 2020. Because of the temporary decline in the physical volume of crude oil and natural gas liquid (NGL), revenue and net income in the first half of 2020 fell 22.1% and 42% versus the same period in 2019.