Kinder Morgan Canada Ltd (TSE:KML) announced a quarterly dividend on Wednesday, January 17th, Zacks reports. Investors of record on Wednesday, January 31st will be paid a dividend of 0.162 per share on Thursday, February 15th. This represents a $0.65 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date of this dividend is Tuesday, January 30th.

Shares of Kinder Morgan Canada (TSE KML) traded down C$0.04 during midday trading on Thursday, reaching C$17.50. The company had a trading volume of 617,695 shares, compared to its average volume of 278,156. The stock has a market capitalization of $1,810.00 and a price-to-earnings ratio of 54.69. Kinder Morgan Canada has a 52-week low of C$15.17 and a 52-week high of C$18.60.

A number of brokerages have issued reports on KML. Scotiabank decreased their price target on Kinder Morgan Canada from C$24.00 to C$23.00 and set an “outperform” rating for the company in a report on Thursday, January 18th. Royal Bank of Canada decreased their price target on Kinder Morgan Canada from C$25.00 to C$24.00 and set an “outperform” rating for the company in a report on Tuesday, December 5th. Finally, TD Securities decreased their price target on Kinder Morgan Canada from C$25.00 to C$24.00 in a report on Tuesday, December 5th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of C$21.33.

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Kinder Morgan Canada Company Profile

Kinder Morgan Canada Ltd is a Canada-based energy infrastructure company. The Company operates the Business, comprised of a number of pipeline systems and terminal facilities including the Trans Mountain pipeline, the Canadian portion of the Cochin pipeline, the Puget Sound and Trans Mountain Jet Fuel pipelines, the Westridge marine and Vancouver Wharves terminals in British Columbia as well as various crude oil loading facilities in Edmonton, Alberta.

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