Keyera Corp. (KEY) to Issue Quarterly Dividend of $0.52 on December 31st

Keyera Corp. (TSE:KEY) declared a quarterly dividend on Friday, December 13th,TickerTech Dividends reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.52 per share on Tuesday, December 31st. This represents a $2.08 annualized dividend and a dividend yield of 4.68%. The ex-dividend date is Friday, December 13th.

Keyera Stock Performance

Keyera stock traded down C$0.22 during mid-day trading on Wednesday, hitting C$44.42. 1,884,738 shares of the company’s stock traded hands, compared to its average volume of 1,023,285. The company has a quick ratio of 0.57, a current ratio of 1.30 and a debt-to-equity ratio of 143.51. Keyera has a one year low of C$31.16 and a one year high of C$47.90. The firm has a 50 day moving average price of C$44.28 and a 200 day moving average price of C$40.56. The company has a market cap of C$10.18 billion, a PE ratio of 29.91, a price-to-earnings-growth ratio of 1.35 and a beta of 2.09.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on KEY shares. Citigroup increased their target price on shares of Keyera from C$46.00 to C$50.00 in a research report on Monday, November 18th. ATB Capital raised their price objective on shares of Keyera from C$43.00 to C$44.00 in a research note on Friday, November 15th. BMO Capital Markets upped their target price on Keyera from C$41.00 to C$44.00 in a research report on Friday, November 15th. National Bankshares upped their price objective on Keyera from C$38.00 to C$39.00 in a report on Friday, November 15th. Finally, Jefferies Financial Group upped their price target on shares of Keyera from C$43.00 to C$47.00 and gave the company a “buy” rating in a report on Monday, September 30th. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of C$42.58.

Insider Activity

In other Keyera news, Director James Vance Bertram sold 50,000 shares of Keyera stock in a transaction on Thursday, December 5th. The shares were sold at an average price of C$46.38, for a total transaction of C$2,318,750.00. 0.39% of the stock is currently owned by corporate insiders.

About Keyera

Keyera Corp. engages in the gathering and processing of natural gas; and transportation, storage, and marketing of natural gas liquids (NGLs) in Canada and the United States. It operates through three segments: Gathering and Processing, Liquids Infrastructure, and Marketing. 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 gas handling and other ancillary services, such as NGL extraction, NGL handling and loading services, and condensate stabilization services.