Keyera Corp (TSE:KEY) declared a monthly dividend on Friday, July 14th, Zacks reports. Stockholders of record on Monday, July 24th will be paid a dividend of 0.14 per share on Tuesday, August 15th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 4.60%. The ex-dividend date of this dividend is Thursday, July 20th. This is a positive change from Keyera Corp’s previous monthly dividend of $0.09.
Shares of Keyera Corp (KEY) traded down 1.35% on Friday, hitting $36.55. The stock had a trading volume of 1,526,741 shares. The company has a market capitalization of $6.81 billion and a P/E ratio of 27.24. The firm has a 50 day moving average price of $39.64 and a 200 day moving average price of $39.57. Keyera Corp has a one year low of $36.44 and a one year high of $43.21.
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In other news, insider Bradley Wayne Lock sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of C$41.10, for a total transaction of C$308,250.00. Also, insider Michael Andrew Freeman sold 7,300 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of C$41.49, for a total value of C$302,877.00.
Several research firms have issued reports on KEY. Raymond James Financial, Inc. dropped their price target on Keyera Corp from C$45.00 to C$44.00 and set an “outperform” rating on the stock in a research note on Friday. Scotiabank decreased their price objective on Keyera Corp from C$42.00 to C$41.00 and set a “sector perform” rating for the company in a report on Friday. TD Securities decreased their price objective on Keyera Corp from C$46.00 to C$44.00 and set a “buy” rating for the company in a report on Friday. Royal Bank Of Canada decreased their price objective on Keyera Corp from C$46.00 to C$45.00 and set an “outperform” rating for the company in a report on Friday. Finally, National Bank Financial decreased their price objective on Keyera Corp from C$50.00 to C$49.00 and set an “outperform” rating for the company in a report on Thursday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of C$44.86.
About Keyera Corp
Keyera Corp. operates as an energy midstream company in Canada and the United States. The company operates through Gathering and Processing, and Liquids business units. It owns and operates 15 raw gas gathering pipelines and processing plants with approximately 5,000 kilometers to collect and process raw natural gas, remove waste products, and separate the economic components.
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