Keyera Corp (TSE:KEY) Announces Monthly Dividend of $0.15

Keyera Corp (TSE:KEY) announced a monthly dividend on Friday, June 21st, TickerTech reports. Stockholders of record on Monday, July 15th will be given a dividend of 0.15 per share on Monday, July 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date is Friday, June 21st.

Keyera stock opened at C$32.25 on Friday. Keyera has a twelve month low of C$24.05 and a twelve month high of C$38.91. The company has a debt-to-equity ratio of 99.09, a quick ratio of 0.54 and a current ratio of 0.85. The firm has a market cap of $6.85 billion and a PE ratio of 19.85.

Keyera (TSE:KEY) last posted its quarterly earnings data on Tuesday, May 14th. The company reported C$0.16 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.35 by C($0.19). The firm had revenue of C$836.75 million during the quarter, compared to analyst estimates of C$1.21 billion. Analysts predict that Keyera will post 1.78 EPS for the current year.

KEY has been the topic of several recent analyst reports. Raymond James reissued an “outperform” rating and issued a C$39.00 target price on shares of Keyera in a report on Friday, February 22nd. TD Securities increased their target price on Keyera from C$43.00 to C$44.00 and gave the company a “buy” rating in a report on Monday, February 25th. Royal Bank of Canada increased their target price on Keyera from C$39.00 to C$41.00 and gave the company an “outperform” rating in a report on Thursday, May 16th. National Bank Financial increased their target price on Keyera from C$40.00 to C$42.00 and gave the company an “outperform” rating in a report on Thursday, March 21st. Finally, CIBC increased their target price on Keyera from C$39.00 to C$40.00 in a report on Wednesday, April 24th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of C$40.19.

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About Keyera

Keyera Corp. engages in the transportation, storage, and marketing of natural gas liquids (NGLs) and iso-octane in Canada and the United States. The company's Gathering and Processing business units operates a network of approximately 4,000 kilometers of pipelines and 17 natural gas processing plants located in the natural gas production areas primarily on the western side of the Western Canada Sedimentary Basin.

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Dividend History for Keyera (TSE:KEY)

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