Keyera Corp. (TSX: KEY) is a Calgary, Canada-based company operating natural gas midstream businesses. The company operates through two business units; Gathering and Processing business unit and Liquids business unit.
On Monday, Keyera announced a cash dividend for the month of April. The company will pay a dividend of 12.5 cents per common share. The dividend will be payable on May 16, 2016 to shareholders of record on April 22, 2016. KEY currently offers a dividend yield of 3.83%. Over the past one year, KEY shares have fallen more than 13%. The weak performance does not come as a surprise as the oil & gas sector globally has come under pressure as oil prices have collapsed.
Keyera recently reported its financial results for 2015. Interestingly, all of KEY’s business segments contributed to the record financial results for 2015. The record results come as a surprise given the challenging environment for the oil & gas sector. KEY though benefited from its network of strategically located and interconnected gas plants, pipelines and facilities, as well as its diverse service offerings. For a third year in a row, all three of KEY’s business segments generated record results.
