Keyera Corp. Declares Quarterly Dividend of $0.52 (TSE:KEY)

Keyera Corp. (TSE:KEY) announced a quarterly dividend on Friday, December 13th,TickerTech Dividends reports. Investors of record on Tuesday, December 31st will be paid a dividend of 0.52 per share on Tuesday, December 31st. This represents a $2.08 annualized dividend and a yield of 4.67%. The ex-dividend date of this dividend is Friday, December 13th.

Keyera Stock Performance

TSE:KEY traded down C$0.08 during mid-day trading on Wednesday, hitting C$44.56. The company’s stock had a trading volume of 1,804,768 shares, compared to its average volume of 1,022,923. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. The stock has a market cap of C$10.21 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 1.35 and a beta of 2.09. The business’s fifty day moving average is C$44.28 and its two-hundred day moving average is C$40.56. Keyera has a 1 year low of C$31.16 and a 1 year high of C$47.90.

Analyst Ratings Changes

Several research analysts recently weighed in on KEY shares. BMO Capital Markets upped their price objective on shares of Keyera from C$41.00 to C$44.00 in a research report on Friday, November 15th. National Bankshares lifted their target price on Keyera from C$38.00 to C$39.00 in a research report on Friday, November 15th. Royal Bank of Canada boosted their price objective on shares of Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Citigroup upped their target price on shares of Keyera from C$46.00 to C$50.00 in a research note on Monday, November 18th. Finally, ATB Capital lifted their target price on Keyera from C$43.00 to C$44.00 in a research note on Friday, November 15th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of C$42.58.

Insider Transactions at Keyera

In other Keyera news, Director James Vance Bertram sold 50,000 shares of the company’s stock in a transaction dated Thursday, December 5th. The shares were sold at an average price of C$46.38, for a total value of C$2,318,750.00. Insiders own 0.39% of the company’s stock.

Keyera Company Profile

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. 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 gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.