Keyera Announces Dividend Increase and May Dividend

CALGARY, May 9, 2017 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it is increasing its monthly cash dividend by approximately 6% from 13.25 cents per common share to 14.00 cents per common share, or $1.68 per common share annually. The dividend increase is effective with the May dividend payable on June 15, 2017, to shareholders of record on May 23, 2017. The ex-dividend date is May 18, 2017. This dividend is an eligible dividend for the purposes of the Income Tax Act (Canada). For non-resident shareholders, Keyera's dividends are subject to Canadian withholding tax.

About Keyera Corp.

Keyera Corp. (TSX:KEY) operates one of the largest midstream energy companies in Canada, providing essential services to oil and gas producers in the Western Canada Sedimentary Basin. Its predominantly fee-for-service based business consists of natural gas gathering and processing, natural gas liquids fractionation, 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.

SOURCE Keyera Corp.

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