Keyera Corp. (TSE:KEY) Increases Dividend to $0.56 Per Share

Keyera Corp. (TSE:KEY) announced a quarterly dividend on Tuesday, September 15th. Shareholders of record on Tuesday, September 29th will be paid a dividend of 0.5625 per share on Tuesday, September 29th. This represents a c) annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, September 15th. This is a 4.2% increase from Keyera’s previous quarterly dividend of $0.54.

Keyera Stock Performance

Keyera stock traded down C$0.61 during mid-day trading on Friday, reaching C$54.54. The company’s stock had a trading volume of 1,656,028 shares, compared to its average volume of 1,439,826. The firm has a market cap of C$16.00 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 1.35 and a beta of 0.46. Keyera has a twelve month low of C$40.09 and a twelve month high of C$61.41. The business has a 50 day moving average price of C$58.63 and a 200-day moving average price of C$55.77. The company has a current ratio of 1.22, a quick ratio of 0.57 and a debt-to-equity ratio of 160.65.

Keyera (TSE:KEY) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$1.19 earnings per share for the quarter. Keyera had a net margin of 5.02% and a return on equity of 10.81%. The business had revenue of C$2.40 billion during the quarter. Sell-side analysts predict that Keyera will post 2.2166667 EPS for the current fiscal year.

Insider Activity

In related news, Director Taylor Timothy Kitchen acquired 500 shares of the business’s stock in a transaction dated Friday, September 4th. The stock was bought at an average price of C$55.74 per share, for a total transaction of C$27,870.00. Following the transaction, the director owned 7,500 shares of the company’s stock, valued at approximately C$418,050. The trade was a 7.14% increase in their ownership of the stock. Corporate insiders own 0.39% of the company’s stock.

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. The firm currently has interests in about a dozen active gas plants and operates over 4,000 km of pipelines.