KeyCorp boosts quarterly dividend by 12 percent

KeyCorp (NYSE: KEY), parent of KeyBank, announced late Wednesday that its board of directors has declared a quarterly cash dividend of 9 ½ cents per share of its common stock, up from the 8 ½ cents it paid last quarter.

The new, increased dividend is payable on June 15 to shareholders of record as of the close of business on May 30.

At its current stock price, the dividend yields 2.15 percent on an annual basis.

KeyCorp — headquartered in Cleveland, Ohio — says it has roots that trace back 190 years to Albany, New York. It’s one of the nation’s largest bank-based financial services companies, with assets of about $134.5 billion, as of March 31.

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