Keyera Corp T.KEY

One of the best dividend-paying stock

[bossu]

At the actual price KEY is yielding 9,5%

and « a conservative year-to-date payout ratio of 51 per cent, two investment-grade corporate credit ratings, access to a $1.5-billion line of credit and minimal long-term debt maturities over the next five years».

Probably lower ratio for 9 months but not to a point for a dividend cut.

[Cheadle12]

They're ripe to be taken over.   Aux Sable / Enbridge or Pembina. Great business, excellent assets, CEO stepping down. my guess is a deal is already in the works.. they're too small to grow meaningfully but too big to be too relevant.

[MuttPatrollives]

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[downwithdotcom1]

i see short term turmoil ahead.re: .BIDEN effect -higher corperate taxes plus his general anti hydrocarbon stance (fracking, keystone) might cause a market swoon in general and KEY plus the other infrastrusture plays in particular. Q3 results could also be noisy due to some operational issues  contributing to recent share softness Finally, throw in a TRUMP challenge to the outcome of the

[downwithdotcom1]

..KEY along with all the other pipeline/infrastucture plays being taken out to the WOODSHED almost everyday now...markets are selling off in this sector because IT CAN..these stocks were already trading 50 cents on the dollar pre-COVID and now its the lame BIDEN/US election excuse..what furthur irks me is this continued going to SAFETY of the US dollar..safety of the US dollar?? with all their

[Cheadle12]

No one seems to be paying a premium at the moment, but I think that a fair premium would be an all stock deal with Enbridge/Aux Sable for $30+.. that would be a 30-50% premium to the 90 day average.  If it's a stock deal, probably lots of upside with ENB & a nice 8.5% dividend paid quarterly. Unlikely to happen, but the assets are desirable and it's a FCF machine, so would make

[Tommy123]

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[sonofabach]

The CEO disagrees with you and with a payout ration running at 50 odd % this dividend is completely safe

[Tommy123]

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[KnowledgeSeekr8]

I don't think people understand how the yield percentage and the dividend payout ratio works. This isn't risky because the yield has now went north of 10% The payout ratio which is 51% is very safe by the description from last earnings release "Given the resilience of our integrated business and the proactive steps we have taken to date, I am confident in Keyera’s future. We remain

[Tommy123]

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[KnowledgeSeekr8]

I believe those covenants would be the payout ratio...and that is looking ok Obviously we will have to see how the earnings look next month, then re-evaluate