Keyera Corp (KEY) to Issue $0.15 Monthly Dividend

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Keyera Corp (TSE:KEY) declared a monthly dividend on Friday, September 21st, TickerTech reports. Stockholders of record on Monday, October 15th will be given a dividend of 0.15 per share on Monday, October 15th. This represents a $1.80 annualized dividend and a dividend yield of 5.04%. The ex-dividend date of this dividend is Friday, September 21st.

TSE KEY opened at C$35.74 on Friday. Keyera has a 52 week low of C$31.20 and a 52 week high of C$39.44.

Keyera (TSE:KEY) last posted its quarterly earnings results on Wednesday, August 8th. The company reported C$0.52 EPS for the quarter, topping the consensus estimate of C$0.37 by C$0.15. Keyera had a return on equity of 15.95% and a net margin of 8.57%. The business had revenue of C$1.08 billion for the quarter, compared to analyst estimates of C$972.50 million.

In related news, insider Michael Andrew Freeman sold 3,200 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of C$37.23, for a total transaction of C$119,136.00.

Several research firms have recently commented on KEY. BMO Capital Markets lifted their price target on Keyera from C$41.00 to C$43.00 in a report on Tuesday, September 11th. Raymond James lifted their price target on Keyera from C$41.00 to C$42.00 in a report on Thursday, July 5th. GMP Securities lifted their price target on Keyera from C$40.25 to C$41.00 in a report on Wednesday, June 20th. National Bank Financial lifted their price target on Keyera from C$44.00 to C$45.00 and gave the stock an “outperform” rating in a report on Thursday, May 31st. Finally, Cormark lifted their price target on Keyera from C$46.00 to C$47.00 in a report on Thursday, May 31st. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$43.20.

Keyera Company Profile

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 Marketing segment is involved in the marketing of NGLs, such as propane, butane, condensate, sulphur, and iso-octane, as well as various crude oil midstream activities.

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Dividend History for Keyera (TSE:KEY)

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