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

Keyera Corp. (TSE:KEY) 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 4.86%. The ex-dividend date is Monday, March 17th.

Keyera Stock Performance

TSE KEY opened at C$42.76 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.57 and a debt-to-equity ratio of 137.59. The firm’s fifty day moving average price is C$42.20 and its two-hundred day moving average price is C$42.89. Keyera has a 1 year low of C$33.37 and a 1 year high of C$47.90. The firm has a market capitalization of C$9.85 billion, a P/E ratio of 22.04, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on KEY shares. National Bankshares raised their price target on shares of Keyera from C$38.00 to C$39.00 in a research report on Friday, November 15th. CIBC increased their price objective on shares of Keyera from C$46.00 to C$48.00 in a research note on Friday, February 14th. ATB Capital increased their price objective on shares of Keyera from C$43.00 to C$44.00 in a research note on Friday, November 15th. Raymond James increased their price objective on shares of Keyera from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Barclays set a C$46.00 price objective on shares of Keyera and gave the stock an “equal weight” rating in a research note on Thursday, December 12th. Five research 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, Keyera currently has an average rating of “Moderate Buy” and an average 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.