Keyera Corp (TSE:KEY) Declares $0.15 Monthly Dividend

Keyera Corp (TSE:KEY) announced a monthly dividend on Friday, July 19th, TickerTech reports. Stockholders of record on Thursday, August 15th will be given a dividend of 0.15 per share on Thursday, August 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date of this dividend is Friday, July 19th.

KEY opened at C$35.16 on Thursday. Keyera has a fifty-two week low of C$24.05 and a fifty-two week high of C$38.91. The company has a quick ratio of 0.54, a current ratio of 0.85 and a debt-to-equity ratio of 99.09. The firm has a market capitalization of $7.50 billion and a P/E ratio of 21.64. The stock’s fifty day moving average price is C$33.36.

Keyera (TSE:KEY) last posted its earnings results on Tuesday, May 14th. The company reported C$0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.35 by C($0.19). The firm had revenue of C$836.75 million during the quarter, compared to the consensus estimate of C$1.21 billion. As a group, sell-side analysts expect that Keyera will post 1.7500001 EPS for the current year.

A number of equities research analysts have recently weighed in on the company. Raymond James reissued a “buy” rating and set a $0.65 target price on shares of DB Commodity Double Short ETN in a report on Wednesday, May 15th. Royal Bank of Canada lifted their target price on Victory Capital to $19.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. National Bank Financial raised WSP Global from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$75.00 to C$79.00 in a research note on Wednesday, May 15th. CIBC reaffirmed a “hold” rating and issued a $3.00 price target on shares of Information Services Group in a research note on Thursday, May 16th. Finally, GMP Securities dropped their price target on Keyera from C$34.50 to C$33.50 in a research note on Wednesday, June 12th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Keyera currently has a consensus rating of “Buy” and a consensus price target of C$40.19.

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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