CALGARY, Nov. 8, 2011 /CNW/ - Keyera Corp. (TSX:KEY) (TSX:KEY.DB.A)
("Keyera") announced today a cash dividend for November 2011 of 17.0
cents per common share. The dividend will be payable on December 15,
2011 to shareholders of record on November 22, 2011. The ex-dividend
date is November 18, 2011. 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.
Effective with the November dividend, Keyera's dividend per share is
increasing 6.3%, from 16.0 cents to 17.0 cents per share per month, or
$2.04 per share annually. This is Keyera's ninth dividend increase
since going public in 2003, and represents a 7.6% compound annual
growth rate in dividends per share since that time.
About Keyera Corp.
Keyera Corp. (TSX:KEY) (TSX: KEY.DB.A) 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) and
crude oil midstream activities.
Keyera's gas processing plants and associated facilities are
strategically located in the west central and foothills natural gas
production areas of the Western Canada Sedimentary Basin. Its NGL and
crude oil infrastructure includes pipelines, terminals and processing
and storage facilities in Edmonton and Fort Saskatchewan, Alberta, a
major North American NGL hub. Keyera markets propane, butane and
condensate to customers in Canada and the United States.
