KeyCorp to pay quarterly dividend in mid-December

KeyCorp (NYSE: KEY) announced it has declared a quarterly cash dividend of 18.5 cents a share of its common stock for the fourth quarter.

The Cleveland, Ohio–based banking company — parent of KeyBank, which ranks No. 2 in deposit market share in the 16-county Central New York region — will pay the dividend on Dec. 13, to shareholders of record as of the close of business on Dec. 3.

KeyCorp, which says its roots trace back 190 years to Albany, has assets of more than $146 billion. KeyBank has more than 1,100 branches in 15 states. It operates several dozen branches in Central New York.