Aug 3 (Reuters) - Canadian natural gas company Keyera Corp posted a lower quarterly profit on weak natural gas prices.
The net profit fell to C$33.1 million ($34.3 million), or 47 Canadian cents per share, compared with C$36.3 million, or 54 Canadian cents per share, a year ago.
The company raised its quarterly dividend by 7 percent to 48 Canadian cents per share, compared with last year.
Excess supply in North America led to weak natural gas prices NGc1, which averaged $4.38 per million British thermal units (mmBtu) during April-June, up just about 3 percent from last year.
Keyera said it expects 2011 growth capital investment, excluding acquisitions, of C$100-C$130 million.
Shares of the Calgary-based company closed at C$42.84 on Tuesday on the Toronto Stock Exchange.
$1 = 0.965 Canadian Dollars Reporting by Maneesha Tiwari in Bangalore