Keyera Corp. (TSE:KEY) Plans Monthly Dividend of $0.16

Keyera Corp. (TSE:KEY – Get Rating) declared a monthly dividend on Friday, May 20th, TickerTech reports. Shareholders of record on Wednesday, June 15th will be paid a dividend of 0.16 per share on Wednesday, June 15th. This represents a $1.92 dividend on an annualized basis and a yield of 5.66%. The ex-dividend date of this dividend is Friday, May 20th.

Shares of TSE:KEY opened at C$33.95 on Wednesday. Keyera has a fifty-two week low of C$26.34 and a fifty-two week high of C$35.75. The business has a 50-day simple moving average of C$31.86 and a two-hundred day simple moving average of C$30.16. The company has a debt-to-equity ratio of 139.14, a quick ratio of 0.84 and a current ratio of 1.20. The firm has a market cap of C$7.50 billion and a price-to-earnings ratio of 23.14.

Keyera (TSE:KEY – Get Rating) last issued its earnings results on Wednesday, February 16th. The company reported C$0.76 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.52 by C$0.24. The business had revenue of C$1.74 billion during the quarter. As a group, research analysts predict that Keyera will post 2.1300003 earnings per share for the current year.

A number of brokerages have weighed in on KEY. Canaccord Genuity Group boosted their target price on Keyera from C$34.00 to C$35.00 in a research report on Thursday, February 3rd. Credit Suisse Group upped their price target on shares of Keyera to C$40.50 and gave the company an “outperform” rating in a research report on Monday, April 11th. National Bankshares upped their price target on shares of Keyera from C$37.00 to C$38.00 and gave the company an “outperform” rating in a research report on Thursday, May 12th. Tudor Pickering & Holt set a C$31.00 price target on shares of Keyera and gave the company a “hold” rating in a research report on Wednesday, February 16th. Finally, TD Securities upped their price target on shares of Keyera from C$36.00 to C$37.00 and gave the company a “buy” rating in a research report on Wednesday, March 30th. Three analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Keyera has a consensus rating of “Buy” and an average price target of C$35.77.

About Keyera (Get Rating)

Keyera Corp. engages in the energy infrastructure business in Canada. The company operates through Gathering and Processing, Liquids Infrastructure, and Marketing segments. The Gathering and Processing segment 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; and provides condensate handling services.

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