Keyera Corp. (TSE:KEY) Plans Dividend Increase - $0.54 Per Share

Key Points

• Keyera Corp. has declared a quarterly dividend of $0.54 per share, reflecting a 3.8% increase from the previous dividend of $0.52.
• The dividend will be paid to stockholders of record on September 29th, with an ex-dividend date of September 15th, resulting in a dividend yield of 4.8%.
• Keyera's market cap is approximately C$10.29 billion, with a current stock price of C$44.90 following a 0.6% increase in trading.

Keyera Corp. (TSE:KEY - Get Free Report) declared a quarterly dividend on Monday, September 15th, TickerTech Dividends reports. Stockholders of record on Monday, September 29th will be paid a dividend of 0.54 per share on Monday, September 29th. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date is Monday, September 15th. This is a 3.8% increase from Keyera's previous quarterly dividend of $0.52.

Keyera Price Performance

Shares of KEY stock traded down C$0.01 during mid-day trading on Thursday, hitting C$45.07. 137,588 shares of the stock traded hands, compared to its average volume of 1,262,062. Keyera has a twelve month low of C$37.80 and a twelve month high of C$47.90. The firm has a market cap of C$10.33 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.35 and a beta of 0.67. The company's 50-day simple moving average is C$43.95 and its 200-day simple moving average is C$43.11. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31.

Analyst Upgrades and Downgrades

KEY has been the topic of a number of recent research reports. TD Securities upgraded Keyera from a "hold" rating to a "strong-buy" rating and lifted their target price for the stock from C$47.00 to C$51.00 in a report on Friday, June 20th. Wells Fargo & Company lifted their target price on Keyera from C$46.00 to C$47.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 13th. Citigroup lifted their target price on Keyera from C$50.00 to C$51.00 and gave the stock a "buy" rating in a report on Thursday, July 3rd. Raymond James Financial lifted their target price on Keyera from C$51.00 to C$59.00 and gave the stock an "outperform" rating in a report on Monday, June 23rd. Finally, CIBC lifted their target price on Keyera from C$47.00 to C$56.00 and gave the stock an "outperform" rating in a report on Monday, June 23rd. Four equities research analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average target price of C$50.92.

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.