CALGARY, March 10, 2015 /CNW/ – Keyera Corp. (TSX:KEY) (“Keyera”) announced today a cash dividend for March 2015 of 23.0 cents per common share which represents a 7% increase from the previous monthly dividend of 21.5 cents per common share. The March dividend will be payable on April 15, 2015, to shareholders of record on March 23, 2015. The ex-dividend date is March 19, 2015. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). For non-resident shareholders, Keyera’s dividends are subject to Canadian withholding tax.
As previously announced, Keyera plans to split its outstanding common shares on a two-for-one basis. The record date for the share split will be April 1, 2015. Because the share split record date is after the March dividend record date, the March dividend will be paid on a pre-split basis. Thereafter, Keyera plans to maintain its monthly dividend policy, adjusted to take into account the share split.
About Keyera Corp.
Keyera Corp. (TSX:KEY) operates one of the largest natural gas midstream businesses in Canada. Its business consists of natural gas gathering and processing as well as the processing, transportation, storage and marketing of Natural Gas Liquids (NGLs), the production of iso-octane and crude oil midstream activities.
Keyera’s gas processing plants and associated facilities are strategically located in the west central, foothills and deep basin natural gas production areas of the Western Canada Sedimentary Basin. Its NGL and crude oil infrastructure, including pipelines, terminals and processing and storage facilities, as well as its iso-octane facility, are located in Edmonton and Fort Saskatchewan, Alberta, a major North American NGL hub. Keyera markets propane, butane, condensate and iso-octane to customers in Canada and the United States.
SOURCE Keyera Corp.