Categories: Banks & Credit UnionsInsurance & Financial ServicesSubscriber Only

KeyCorp to pay dividend of 18.5 cents a share for Q3

ADAM ROMBEL/ CNYBJ FILE PHOTO

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 18.5 cents per share of its common stock for the third quarter. The dividend is payable on Sept. 15, to holders of record as […]

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The dividend is payable on Sept. 15, to holders of record as of the close of business on Aug. 31. At Key’s current stock price, the dividend yields nearly 3.6 percent on an annual basis.

Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial-services companies, with assets of more than $176 billion as of March 31. Its roots trace back nearly 200 years to Albany. KeyBank has a network of more than 1,000 branches and about 1,400 ATMs in 15 states.

Jornal Staff