01:26:49 EDT Sat 27 Apr 2024
Enter Symbol
or Name
USA
CA



Keyera Corp
Symbol KEY
Shares Issued 229,153,373
Close 2023-08-24 C$ 33.03
Market Cap C$ 7,568,935,910
Recent Sedar Documents

Globe's Pape sees Keyera providing dependable payout

2023-08-24 08:25 ET - In the News

The Globe and Mail reports in its Thursday edition that income investors want to own stocks that provide a dependable payout. The Globe's regular guest columnist Gordon Pape writes that he believes Keyera will satisfy the income investor. Keyera is primarily in the natural gas and natural gas liquids business, providing such services as gathering, processing, fractionation, storage, transportation and marketing. It does not do any exploration or production. Keyera also maintained its dividend through the pandemic although it was not as adamant about it as Pembina Pipeline. In fact, the company has never cut its dividend, going back to 2003. Earlier this month it announced a 4.2-per-cent increase, to 50 cents per quarter ($2 a year), effective with the Sept. 29 payment. That helped boost the share price to close to its 52-week high. Based on the increased payout, the stock yields 6.1 per cent. The Globe reported on Feb. 13 that Stifel rated Keyera "buy" when it was worth $31.25. The Globe reported on March 30 and April 22 that Canaccord Genuity rated Keyera "buy" and "hold." Canaccord said it issued its "hold" in response to Keyera's "outsized gains in 2023." The shares were then worth $29.48 and $32.06.

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