Keyera Corp (KEY) to Issue Monthly Dividend of $0.14
Keyera Corp (TSE:KEY) declared a monthly dividend on Friday, January 19th, TickerTech reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.14 per share on Thursday, February 15th. This represents a $1.68 annualized dividend and a yield of 4.57%. The ex-dividend date is Friday, January 19th.
Keyera (TSE:KEY) opened at C$36.76 on Friday. The stock has a market capitalization of $7,500.00, a price-to-earnings ratio of 28.94 and a beta of 0.88. Keyera has a 12-month low of C$34.07 and a 12-month high of C$42.57.
Several research analysts recently issued reports on KEY shares. TD Securities lowered their target price on Keyera from C$43.00 to C$42.00 and set a “buy” rating for the company in a research report on Monday, December 11th. National Bank Financial lowered their target price on Keyera from C$48.00 to C$45.00 and set an “outperform” rating for the company in a research report on Monday, December 11th. BMO Capital Markets reissued an “outperform” rating and issued a C$43.00 price objective on shares of Keyera in a research report on Monday, December 11th. Raymond James Financial lifted their price objective on Keyera from C$41.00 to C$44.00 and gave the stock an “outperform” rating in a research report on Monday, December 11th. Finally, CIBC lowered their price objective on Keyera from C$46.00 to C$45.00 in a research report on Monday, December 11th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of C$43.29.
Keyera Company Profile
Keyera Corp. is engaged in energy midstream businesses, and operates in oil and gas sector between upstream and downstream sectors. The Company is organized into two business units: Gathering and Processing Business Unit and Liquids Business Unit. The Gathering and Processing Business Unit 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 (NGLs).
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