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

Keyera Corp. (TSE:KEY - Get Free Report) announced a quarterly dividend on Monday, March 17th, TickerTech Dividends reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.52 per share on Monday, March 31st. This represents a $2.08 annualized dividend and a yield of 4.78%. The ex-dividend date is Monday, March 17th.

Keyera Stock Performance

Shares of TSE KEY traded up C$1.11 during trading on Wednesday, reaching C$43.55. 859,121 shares of the company traded hands, compared to its average volume of 1,316,277. The stock has a market cap of C$10.03 billion, a P/E ratio of 22.45, a PEG ratio of 1.35 and a beta of 2.09. The firm's fifty day simple moving average is C$42.15 and its 200 day simple moving average is C$42.92. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59. Keyera has a 12-month low of C$33.68 and a 12-month high of C$47.90.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on KEY shares. Royal Bank of Canada boosted their price target on Keyera from C$45.00 to C$46.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Barclays set a C$46.00 price target on shares of Keyera and gave the stock an "equal weight" rating in a report on Thursday, December 12th. CIBC lifted their price objective on shares of Keyera from C$46.00 to C$48.00 in a report on Friday, February 14th. TD Securities set a C$45.00 target price on shares of Keyera and gave the stock a "hold" rating in a research note on Wednesday, January 15th. Finally, Cibc World Mkts upgraded Keyera from a "hold" rating to a "strong-buy" rating in a research note on Friday, February 14th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of C$44.77.

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Keyera Company Profile

Keyera is a midstream energy business that operates primarily out of Alberta, Canada. Its primary lines of business consist of the gathering and processing of natural gas in western Canada, the storage, transportation, and liquids blending for NGLS and crude oil, and the marketing of NGLs, iso-octane, and crude oil.