03:23:21 EDT Fri 03 May 2024
Enter Symbol
or Name
USA
CA



Keyera Corp
Symbol KEY
Shares Issued 229,153,373
Close 2024-04-15 C$ 35.21
Market Cap C$ 8,068,490,263
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Globe columnist likes the look of Keyera, Gibson

2024-04-16 08:34 ET - In the News

The Globe and Mail reports in its Tuesday edition that for income investors, equity investing has become a two-edged sword. Globe columnist Gordon Pape writes that on the plus side, many stocks are offering their best yields in years; on the negative side, many high-yield stocks are trading near their lowest levels since before the pandemic, and this is making investors nervous. One solution is to add some energy stocks to your list. Many offer both strong cash flow and an attractive total return. One of these is Keyera, which supplies a variety of services to the natural gas industry including transportation, storage and marketing. Its quarterly dividend is 50 cents ($2 a year) to yield 5.8 per cent. Keyera reported basic net earnings per share of $1.85 in 2023 and distributable cash flow of $3.73 per share. Another is U.S.-traded Gibson Energy, a mid-stream energy infrastructure company involved in the storage, optimization, processing and gathering of crude oil and refined products. The dividend was increased by 5 per cent this month to 41 cents per quarter ($1.64 a year) to yield 7.15 per cent. The company reported a dividend payout ratio of 61 per cent in 2023, based on distributable cash flow of $385.8-million.

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