KeyCorp (NYSE: KEY) — parent of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York area — has declared a quarterly cash dividend of 20.5 cents per share of its common stock for the fourth quarter. The dividend is payable on Dec. 15, to holders of record as […]
KeyCorp (NYSE: KEY) — parent of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York area — has declared a quarterly cash dividend of 20.5 cents per share of its common stock for the fourth quarter.
The dividend is payable on Dec. 15, to holders of record as of the close of business on Nov. 29. At Key’s current stock price, the dividend yields about 4.4 percent on an annual basis.
The new dividend is a 5 percent increase from the 19.5 cents that the banking company paid in the third quarter.
Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial-services companies, with assets of about $190 billion as of Sept. 30. Its roots trace back nearly 200 years to Albany. KeyBank has a network of about 1,000 branches and 1,300 ATMs in 15 states.
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