Categories: Banks & Credit UnionsSubscriber Only

KeyCorp boosts quarterly dividend by 42 percent

KeyCorp (NYSE: KEY) recently announced that its board of directors increased its dividend to 17 cents a share for the third quarter of 2018, up 42 percent from the 12 cents per share that the banking company paid last quarter. The cash dividend on the company’s common shares outstanding is payable on Sept. 14, to holders of […]

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The cash dividend on the company’s common shares outstanding is payable on Sept. 14, to holders of record as of the close of business on Aug. 28.

It marks the third dividend increase by Key in the past year.

Cleveland, Ohio–based KeyCorp’s roots trace back 190 years to Albany, New York. Its KeyBank unit today ranks second in deposit market share in the 16-county Central New York area. KeyBank provides deposit, lending, cash management, insurance, and investment services in 15 states through a network of about 1,200 branches and more than 1,500 ATMs.

Journal Staff