KeyCorp to pay quarterly dividend of 18.5 cents a share in mid-June

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.

The dividend is payable on June 15, to holders of record as of the close of business on June 1. At Key’s current stock price, the dividend yields about 3.2 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 $176.2 billion as of March 31. Its roots trace back 190 years to Albany. KeyBank has a network of more than 1,000 branches and about 1,400 ATMs in 15 states.