Keyera Corp (KEY) to Issue Monthly Dividend of $0.14
Keyera Corp (TSE:KEY) declared a monthly dividend on Friday, January 19th, TickerTech reports. Investors of record on Thursday, February 15th will be given a dividend of 0.14 per share on Thursday, February 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date is Friday, January 19th.
Keyera (TSE:KEY) opened at C$36.76 on Friday. Keyera has a 12-month low of C$34.07 and a 12-month high of C$42.57. The firm has a market cap of $7,500.00, a PE ratio of 28.94 and a beta of 0.88.
A number of research analysts recently weighed in on KEY shares. Scotiabank reissued a “sector perform” rating and set a C$41.00 price target on shares of Keyera in a research report on Wednesday, October 11th. CIBC decreased their price objective on shares of Keyera from C$46.00 to C$45.00 in a report on Tuesday, October 17th. National Bank Financial decreased their price objective on shares of Keyera from C$49.00 to C$48.00 and set an “outperform” rating for the company in a report on Wednesday, November 8th. TD Securities decreased their price objective on shares of Keyera from C$44.00 to C$43.00 and set a “buy” rating for the company in a report on Thursday, November 9th. Finally, BMO Capital Markets restated an “outperform” rating and set a C$43.00 price objective on shares of Keyera in a report on Monday, December 11th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of C$43.29.
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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