2024-09-13 11:09:15 ET
Summary
- Keyera's strong Q2-2024 performance, driven by its marketing segment, led to an EBITDA beat and a raised marketing EBITDA estimate for 2024.
- We saw a nice 4% bump to the dividend.
- The valuation is middling but the low leverage and low payout ratio make this the safest dividend in midstream.
In our previous coverage of Keyera Corp. (KEYUF) (KEY:CA) we weighed its prospects against Pembina Pipeline Corporation (PBA) (PPL:CA), TC Energy Corp (TRP) (TRP:CA) and Enbridge Inc. (ENB) (ENB:CA). We favored ENB and TRP though none of the 4 were particularly cheap. ...
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Keyera: Another 4% Dividend Hike From The Strongest Midstream Play