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.

For further information: about Keyera Corp., please visit our website at www.keyera.com or contact: Lavonne Zdunich, Director, Investor Relations & Communications, or Nick Kuzyk, Manager, Investor Relations, E-mail: ir@keyera.com, Telephone: (403) 205-7670 / Toll Free: (888) 699-4853.

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