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 19.5 cents per share of its common stock for the first quarter. The dividend is payable on March 15, to holders of record as of the […]
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 19.5 cents per share of its common stock for the first quarter.
The dividend is payable on March 15, to holders of record as of the close of business on March 1. At Key’s current stock price, the dividend yields about 2.9 percent on an annual basis.
The new dividend is the same amount that Key paid in the fourth quarter of last year, when it boosted its dividend by 5 percent from the 18.5 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 $187 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.