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

Keyera Corp. (TSE:KEY) announced a quarterly dividend on Monday, March 17th, TickerTech Dividends reports. Investors of record on Monday, March 31st will be paid a dividend of 0.52 per share on Monday, March 31st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 4.86%. The ex-dividend date is Monday, March 17th.

Keyera Stock Down 0.4 %

Shares of TSE KEY opened at C$42.76 on Friday. The company has a debt-to-equity ratio of 137.59, a quick ratio of 0.57 and a current ratio of 1.31. The firm has a market capitalization of C$9.85 billion, a price-to-earnings ratio of 22.04, a PEG ratio of 1.35 and a beta of 2.09. The stock has a 50 day moving average price of C$42.20 and a 200 day moving average price of C$42.89. Keyera has a 52-week low of C$33.37 and a 52-week high of C$47.90.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on KEY shares. Raymond James upped their target price on Keyera from C$47.00 to C$48.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Royal Bank of Canada upped their target price on Keyera from C$45.00 to C$46.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. ATB Capital upped their target price on Keyera from C$43.00 to C$44.00 in a report on Friday, November 15th. Barclays set a C$46.00 target price on Keyera and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Finally, Citigroup upped their target price on Keyera from C$46.00 to C$50.00 in a report on Monday, November 18th. 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 company. According to MarketBeat.com, Keyera has a consensus rating of “Moderate Buy” and a consensus target price of C$44.77.

Keyera Company Profile

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.