Published on 19 Jun 2024 on Simply Wall St. · via Yahoo Finance
We Wouldn't Be Too Quick To Buy Keyera Corp. (TSE:KEY) Before It Goes...
It looks like Keyera Corp. (TSE:KEY) is about to go ex-dividend in the next 4 days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Thus, you can purchase Keyera's shares before the 14th of June in order to receive the dividend, which the company will pay on the 28th of June.
The company's upcoming dividend is CA$0.50 a share, following on from the last 12 months, when the company distributed a total of CA$2.00 per share to shareholders. Looking at the last 12 months of distributions, Keyera has a trailing yield of approximately 5.5% on its current stock price of CA$36.61. If you buy this business for its dividend, you should have an idea of whether Keyera's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.