Categories: Banks & Credit UnionsSubscriber Only

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

KeyBank’s branch office on West Genesee Street in Camillus. (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. The dividend is payable on March 15, to holders of record as of the close of […]

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The dividend is payable on March 15, to holders of record as of the close of business on March 2. At Key’s current stock price, the dividend yields about 4 percent on an annual basis.

KeyCorp’s board of directors has additionally decided to hold the banking company’s 2021 annual meeting of shareholders on Thursday, May 13.

Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial-services companies, with assets of $170.5 billion, as of last Sept. 30. 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.

Jornal Staff