Keyera Corp. declared a monthly cash dividend of 16 Canadian cents per share, up 7% from the previous dividend of 15 Canadian cents per share.

The dividend, amounting to C$1.92 per share annually, is payable Sept. 16 to shareholders of record as of Aug. 22, according to an Aug. 6 news release.

Keyera's business consists of natural gas gathering and processing; NGL processing, transportation, storage and marketing; and a condensate system in Edmonton and Fort Saskatchewan in Alberta.