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

Keyera Corp. (TSE:KEY) announced a quarterly dividend on Monday, March 17th, TickerTech Dividends reports. Stockholders of record on Monday, March 31st will be paid a dividend of 0.52 per share on Monday, March 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date of this dividend is Monday, March 17th.

Keyera Trading Down 0.4 %

Shares of KEY opened at C$42.76 on Friday. The firm has a market cap of C$9.85 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 1.35 and a beta of 2.09. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. Keyera has a fifty-two week low of C$33.37 and a fifty-two week high of C$47.90. The firm has a 50 day moving average price of C$42.20 and a 200-day moving average price of C$42.89.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on KEY. Citigroup boosted their price objective on shares of Keyera from C$46.00 to C$50.00 in a report on Monday, November 18th. National Bankshares boosted their price objective on shares of Keyera from C$38.00 to C$39.00 in a report on Friday, November 15th. ATB Capital upped their price target on shares of Keyera from C$43.00 to C$44.00 in a report on Friday, November 15th. Royal Bank of Canada upped their price target on shares of Keyera from C$45.00 to C$46.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Barclays set a C$46.00 price target on shares of Keyera and gave the company an “equal weight” rating in a report on Thursday, December 12th. Five investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of C$44.77.

About Keyera

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.