Keyera Corp Plans Monthly Dividend of C$0.22 (KEY)
Keyera Corp (TSE:KEY) announced a Monthly dividend on Wednesday, August 20th, AnalystRatingsNetwork.com reports. Stockholders of record on Monday, September 15th will be paid a dividend of 0.215 per share on Monday, September 15th. This represents a dividend yield of 2.82%. The ex-dividend date is Wednesday, August 20th.
KEY has been the subject of a number of recent research reports. Analysts at CIBC raised their price target on shares of Keyera Corp from C$80.00 to C$90.00 in a research note on Monday, August 11th. They now have an “outperform” rating on the stock. On a related note, analysts at RBC Capital upgraded shares of Keyera Corp from a “sector perform” rating to an “outperform” rating in a research note on Friday, August 8th. They now have a C$97.00 price target on the stock, up previously from C$79.00. Finally, analysts at BMO Capital Markets raised their price target on shares of Keyera Corp from C$81.00 to C$85.00 in a research note on Friday, August 8th. They now have a “market perform” rating on the stock. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of C$85.67.
Shares of Keyera Corp (TSE:KEY) opened at 95.54 on Wednesday. Keyera Corp has a 1-year low of $54.72 and a 1-year high of $96.35. The stock’s 50-day moving average is $82.9 and its 200-day moving average is $74.1. The company has a market cap of $8.026 billion and a price-to-earnings ratio of 39.29.
Keyera Corp (TSE:KEY) last issued its quarterly earnings data on Friday, August 8th. The company reported $0.78 EPS for the quarter, beating the consensus estimate of $0.56 by $0.22. Analysts expect that Keyera Corp will post $3.00 EPS for the current fiscal year.
Keyera Corp. operates natural gas midstream businesses in Canada. It operates in the oil and gas sector between the upstream sector, which includes oil and gas exploration and production businesses, and the downstream sector, which includes the refining, distribution and retail marketing of finished products.
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