Keyera Announces Dividend Increase and August Dividend

CALGARY, Aug. 9, 2016 /CNW/ - Keyera Corp. (TSX:KEY) ("Keyera") announced today that it is increasing its cash dividend by 6% from 12.5 cents per common share to 13.25 cents per common share, or $1.59 per common share annually. The dividend increase is effective with the August dividend payable on September 15, 2016 to shareholders of record on August 22, 2016. The ex-dividend date is August 18, 2016. 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.