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

Keyera Corp. (TSE:KEY) announced a quarterly dividend on Friday, December 13th,TickerTech Dividends reports. Investors 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 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date is Friday, December 13th.

Keyera Stock Down 0.2 %

Keyera stock traded down C$0.08 during mid-day trading on Wednesday, reaching C$44.56. The stock had a trading volume of 1,804,768 shares, compared to its average volume of 1,022,923. The company has a 50-day moving average price of C$44.28 and a two-hundred day moving average price of C$40.56. Keyera has a one year low of C$31.16 and a one year high of C$47.90. The company has a debt-to-equity ratio of 143.51, a current ratio of 1.30 and a quick ratio of 0.57. The company has a market capitalization of C$10.21 billion, a price-to-earnings ratio of 29.96, a PEG ratio of 1.35 and a beta of 2.09.

Insiders Place Their Bets

In related news, Director James Vance Bertram sold 50,000 shares of the firm’s stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of C$46.38, for a total transaction of C$2,318,750.00. Company insiders own 0.39% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. BMO Capital Markets boosted their price target on Keyera from C$41.00 to C$44.00 in a research report on Friday, November 15th. Citigroup raised their target price on Keyera from C$46.00 to C$50.00 in a report on Monday, November 18th. Jefferies Financial Group boosted 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. ATB Capital boosted their price objective on shares of Keyera from C$43.00 to C$44.00 in a research report on Friday, November 15th. Finally, Royal Bank of Canada lifted their price objective on shares of Keyera from C$44.00 to C$45.00 and gave the company an “outperform” rating in a research report on Thursday, October 3rd. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$42.58.

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.