Keyera Corp. (KEY) to Issue Monthly Dividend of $0.16 on March 31st

Keyera Corp. (TSE:KEY – Get Rating) declared a monthly dividend on Tuesday, March 21st, TickerTech reports. Stockholders of record on Friday, March 31st will be given a dividend of 0.16 per share on Friday, March 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 6.73%. The ex-dividend date is Tuesday, March 21st.

Keyera Trading Down 1.5 %

TSE KEY opened at C$28.51 on Friday. Keyera has a 1-year low of C$27.18 and a 1-year high of C$35.48. The company has a current ratio of 1.11, a quick ratio of 0.57 and a debt-to-equity ratio of 138.50. The company has a market capitalization of C$6.53 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 0.92 and a beta of 2.17. The firm’s fifty day simple moving average is C$30.45 and its 200-day simple moving average is C$29.86.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on KEY shares. Barclays set a C$34.00 price target on shares of Keyera and gave the stock an “equal weight” rating in a research note on Wednesday, January 18th. Credit Suisse Group upped their price target on shares of Keyera to C$36.00 and gave the stock an “outperform” rating in a research note on Thursday, December 15th. CSFB increased their target price on shares of Keyera from C$36.00 to C$39.50 in a research report on Wednesday, February 8th. Raymond James downgraded shares of Keyera from a “strong-buy” rating to an “outperform” rating and set a C$32.00 target price on the stock. in a research report on Tuesday, December 13th. Finally, Stifel Nicolaus set a C$36.00 target price on shares of Keyera and gave the stock a “buy” rating in a research report on Friday, February 10th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$35.17.

Keyera Company Profile

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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.