Published on 18 Jan 2022 on Simply Wall St. via Yahoo Finance
Why It Might Not Make Sense To Buy Keyera Corp. (TSE:KEY) For Its Upcoming Dividend
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Keyera Corp. (TSE:KEY) is about to trade ex-dividend in the next 2 days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. This means that investors who purchase Keyera's shares on or after the 21st of January will not receive the dividend, which will be paid on the 15th of February.
The company's upcoming dividend is CA$0.16 a share, following on from the last 12 months, when the company distributed a total of CA$1.92 per share to shareholders. Last year's total dividend payments show that Keyera has a trailing yield of 6.6% on the current share price of CA$29.19. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
Check out our latest analysis for Keyera