CALGARY,
AB, Feb. 14, 2023 /CNW/ - Keyera Corp. (TSX:
KEY) ("Keyera" or the "Company") announced today that subject to
the approval of future common share dividends by the Board of
Directors, the Company intends to transition from a monthly to a
quarterly common share dividend payment schedule, following the
monthly March 2023 dividend, if, as
and when declared by the Board of Directors.
Following the final monthly dividend expected to be payable on
March 31, 2023 to shareholders of
record on March 22, 2023, quarterly
payments are expected to be made on the last business day of June,
September and December in 2023, and on the last business day of
March, June, September and December in subsequent years, to
shareholders of record on the 15th day of the
corresponding month, if, as and when declared by the Board of
Directors. Should the record date fall on a weekend or on a
statutory holiday, the record date will be the next succeeding
business day. Subject to approval of the Board of Directors,
the first quarterly dividend is expected to be paid in June 2023.
About Keyera Corp.
Keyera Corp. (TSX:KEY) operates an integrated Canadian-based
energy infrastructure business with extensive interconnected assets
and depth of expertise in delivering energy solutions. Its
predominantly fee-for-service based business consists of natural
gas gathering and processing; natural gas liquids processing,
transportation, storage and marketing; iso-octane production and
sales; and an industry-leading condensate system in the
Edmonton/Fort Saskatchewan area of Alberta. Keyera strives to provide high
quality, value-added services to its customers across
North America and is committed to conducting its business
ethically, safely and in an environmentally and financially
responsible manner.
Additional Information
For more information about
Keyera Corp., please visit our website at www.keyera.com or
contact:
Dan Cuthbertson, Director,
Investor Relations
Calvin Locke, Manager, Investor
Relations
Rahul Pandey, Senior Advisor,
Investor Relations
Email: ir@keyera.com
Telephone: 403.205.7670
Toll free: 888.699.4853
Forward-Looking Information and Statements
This
news release contains certain forward-looking information and
statements (collectively, "forward-looking statements") relating to
future dividends which may be declared on Keyera's common shares
and the timing and the amount of such dividend payments.
The forward-looking statements are based on certain assumptions
that Keyera has made in respect thereof as at the date of this news
release regarding, among other things: the success of Keyera's
operations and growth and expansion projects; the availability of
capital to fund future capital requirements relating to existing
assets and projects; future operating costs; income taxes; and
current and potential future liabilities. Any future dividend
payments by Keyera and the amount thereof will be determined at the
discretion of the Board of Directors.
Although Keyera believes the expectations and material factors
and assumptions reflected in these forward-looking statements are
reasonable as of the date hereof, there can be no assurance that
these expectations, factors and assumptions will prove to be
correct. These forward-looking statements are not guarantees of
future performance and are subject to a number of known and unknown
risks and uncertainties including, but not limited to: the strength
of the oil and gas industry; reliance on third parties to
successfully operate and maintain their oil and gas business;
actions by governmental or regulatory authorities; fluctuations in
operating results; the ability to access various sources of debt
and equity capital; the global economy generally; and certain other
risks and uncertainties detailed in Keyera's Management Discussion
& Analysis for the year ended December
31, 2021 dated February 15,
2022 and Keyera's Annual Information Form for the year dated
December 31, 2021 dated February 15, 2022, which can be viewed on SEDAR
at www.sedar.com and on the Keyera website at www.keyera.com.
This list of risk factors should not be construed as exhaustive.
Readers are cautioned that events or circumstances could cause
actual results to differ materially from those included herein. The
forward-looking statements contained in this news release speak
only as of the date hereof. Keyera does not undertake any
obligation to publicly update or revise any forward-looking
statements contained herein, except as required by applicable
laws.
SOURCE Keyera Corp.