Keyera Corp. (TSE:KEY) Declares $0.52 Quarterly Dividend

Keyera Corp. (TSE:KEY - Get Free Report) declared a quarterly dividend on Monday, June 16th, TickerTech Dividends reports. Shareholders of record on Monday, June 30th will be paid a dividend of 0.52 per share on Monday, June 30th. This represents a $2.08 dividend on an annualized basis and a yield of 4.88%. The ex-dividend date of this dividend is Monday, June 16th.

Keyera Trading Down 0.0%

Keyera stock traded down C$0.01 during mid-day trading on Friday, reaching C$42.58. 3,945,161 shares of the company traded hands, compared to its average volume of 1,197,437. The firm's 50 day moving average price is C$42.22 and its 200 day moving average price is C$42.81. The firm has a market capitalization of C$9.81 billion, a price-to-earnings ratio of 21.95, a P/E/G ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 137.59, a current ratio of 1.31 and a quick ratio of 0.57. Keyera has a 52-week low of C$35.35 and a 52-week high of C$47.90.

Analyst Ratings Changes

Several brokerages recently commented on KEY. National Bankshares increased their price objective on shares of Keyera from C$41.00 to C$43.00 and gave the company a "sector perform" rating in a research report on Thursday, May 22nd. TD Securities increased their price objective on shares of Keyera from C$45.00 to C$47.00 and gave the stock a "hold" rating in a research note on Thursday, May 22nd. Cibc World Mkts upgraded shares of Keyera from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. CIBC lowered their price objective on shares of Keyera from C$48.00 to C$47.00 and set an "outperform" rating on the stock in a research note on Thursday, April 24th. Finally, Scotiabank increased their price objective on shares of Keyera from C$50.00 to C$51.00 and gave the stock an "outperform" rating in a research note on Thursday, May 22nd. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Keyera presently has an average rating of "Moderate Buy" and a consensus target price of C$46.91.

Keyera Company Profile

Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil.