Keyera Corp. (TSE:KEY) Raises Dividend to $0.56 Per Share

Keyera Corp. (TSE:KEY) declared a quarterly dividend on Tuesday, September 15th. Shareholders of record on Tuesday, September 29th will be given a dividend of 0.5625 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, September 15th. This is a 4.2% increase from Keyera’s previous quarterly dividend of $0.54.

Keyera Stock Down 1.1%

KEY traded down C$0.61 on Friday, reaching C$54.54. 1,656,028 shares of the company traded hands, compared to its average volume of 1,439,826. The stock’s 50 day moving average price is C$58.63 and its 200-day moving average price is C$55.77. Keyera has a 52-week low of C$40.09 and a 52-week high of C$61.41. The company has a market cap of C$16.00 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 1.35 and a beta of 0.46. The company has a debt-to-equity ratio of 160.65, a current ratio of 1.22 and a quick ratio of 0.57.

Keyera (TSE:KEY) last released its earnings results on Thursday, August 6th. The company reported C$1.19 earnings per share (EPS) for the quarter. The company had revenue of C$2.40 billion during the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. On average, sell-side analysts expect that Keyera will post 2.2166667 EPS for the current fiscal year.

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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.