Amid slowing salary growth and a softening job market, many Canadian households are feeling the financial pinch. With salary increases for 2026 projected to slow to just 3.1% as employers tighten budgets, the need for alternative income sources is growing. That’s where dividend stocks—especially resilient ones—can play a critical role, and Pembina Pipeline Corp. (TSX:PPL) stands out as a particularly solid choice.
A Look at Pembina
Pembina Pipeline is a key player in Canada’s energy infrastructure, and it’s been actively expanding its footprint. In its most recent earnings update, the company announced over $1 billion in new pipeline projects. These include expansions from Fox Creek to Namao and Taylor to Gordondale, both of which enhance its presence in the resource-rich Western Canadian Sedimentary Basin (WCSB).
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Additionally, Pembina is ramping up its export capabilities. The company currently has access to 50,000 barrels per day of propane export capacity, and new infrastructure developments are set to increase its market reach and potential revenue streams—key factors that long-term investors should find attractive.
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Earnings Snapshot
In Q2 2025, Pembina reported $417 million in adjusted EBITDA, bringing the year-to-date total to $1.013 billion. While earnings were slightly down from the same period last year, adjusted cash flow from operations remained strong at $698 million. These figures support the company’s ongoing investment in infrastructure while maintaining healthy cash flow to fund dividends.
Why It’s Built to Last
For investors seeking steady income, Pembina continues to deliver. Its consistent dividend payments, ambitious yet manageable growth plans, and solid presence in a critical energy sector make it a dependable option—especially in uncertain economic times.
With inflationary pressures and wage growth slowing, stocks like Pembina offer a way to bridge income gaps without taking on excessive risk. Its long-term outlook, backed by infrastructure expansion and export growth, adds another layer of resilience to an already strong dividend play.
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