Keyera Corp. to Issue Quarterly Dividend of $0.52 (TSE:KEY)

Keyera Corp. (TSE:KEY - Get Free Report) declared a quarterly dividend on Monday, June 16th, TickerTech Dividends reports. Investors 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 4.94%. The ex-dividend date of this dividend is Monday, June 16th.

Keyera Trading Up 1.2%

KEY stock traded up C$0.48 during midday trading on Tuesday, hitting C$42.07. The stock had a trading volume of 4,152,101 shares, compared to its average volume of 1,250,393. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59. The firm has a market cap of C$9.69 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09. The business has a fifty day moving average price of C$42.25 and a two-hundred day moving average price of C$42.73. Keyera has a 1-year low of C$35.35 and a 1-year high of C$47.90.

Analyst Ratings Changes

KEY has been the subject of several recent analyst reports. Scotiabank raised 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 report on Thursday, May 22nd. National Bankshares lifted their price target on shares of Keyera from C$41.00 to C$43.00 and gave the company a "sector perform" rating in a research note on Thursday, May 22nd. Raymond James 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 report on Thursday, May 22nd. TD Securities raised their target price on Keyera from C$45.00 to C$47.00 and gave the company a "hold" rating in a research note on Thursday, May 22nd. Finally, CIBC decreased their target price on Keyera from C$48.00 to C$47.00 and set an "outperform" rating for the company in a research report on Thursday, April 24th. Four research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of C$46.91.

About Keyera

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.