Keyera Corp (KEY) to Issue Dividend Increase – $0.14 Per Share
Keyera Corp (TSE:KEY) declared a monthly dividend on Friday, July 14th, Zacks reports. Stockholders of record on Monday, July 24th will be given a dividend of 0.14 per share on Tuesday, August 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Thursday, July 20th. This is an increase from Keyera Corp’s previous monthly dividend of $0.09.
Keyera Corp (TSE:KEY) opened at 40.00 on Wednesday. The firm has a market capitalization of $7.49 billion and a PE ratio of 30.14. The stock’s 50 day moving average is $40.89 and its 200-day moving average is $39.71. Keyera Corp has a 1-year low of $36.92 and a 1-year high of $43.21.
In related news, insider Bradley Wayne Lock sold 7,500 shares of Keyera Corp stock in a transaction dated Friday, June 16th. The stock was sold at an average price of C$41.10, for a total transaction of C$308,250.00. Also, insider Michael Andrew Freeman sold 7,300 shares of Keyera Corp stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of C$41.49, for a total value of C$302,877.00.
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A number of equities research analysts have issued reports on the company. Scotiabank reiterated a “sector perform” rating and issued a C$42.00 target price on shares of Keyera Corp in a research note on Wednesday, April 5th. Royal Bank Of Canada reiterated an “outperform” rating on shares of Keyera Corp in a research note on Thursday, June 1st. CIBC lifted their price objective on shares of Keyera Corp from C$48.00 to C$49.00 in a research note on Wednesday, May 10th. Finally, AltaCorp Capital cut shares of Keyera Corp from an “outperform” rating to a “sector perform” rating in a research note on Tuesday, May 9th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of C$45.81.
Keyera Corp Company Profile
Keyera Corp. is engaged in energy midstream businesses, and operates in oil and gas sector between upstream and downstream sectors. The Company is organized into two business units: Gathering and Processing Business Unit and Liquids Business Unit. The Gathering and Processing Business Unit owns and operates raw gas gathering pipelines and processing plants, which collect and process raw natural gas, remove waste products and separate the economic components, primarily natural gas liquids (NGLs).
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