KeyCorp Declares Quarterly Cash Dividend On Common Shares And Preferred Stocks; Sets Annual Meeting Date

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KeyCorp (NYSE: KEY) announced its first quarter 2021 cash dividend of $0.185 per share on common shares, payable on March 15, 2021. Record date is March 2, 2021. Preferred stock dividends include $312.50 for Series D, $15.3125 for Series E, $14.1250 for Series F, and $14.0625 for Series G, all payable on March 15, 2021. The record date for preferred stocks is March 1, 2021. The annual shareholder meeting is scheduled for May 13, 2021.

Positive

• Declared a cash dividend of $0.185 per common share, indicating steady income for shareholders.
• Multiple preferred stock dividends announced, showcasing financial stability.

Negative

• None.

CLEVELAND, Jan. 14, 2021 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the first quarter of 2021:

• A cash dividend of $0.185 per share on the corporation's outstanding common shares (NYSE: KEY). The dividend is payable on March 15, 2021 to holders of record of such Common Shares as of the close of business on March 2, 2021;
• A dividend of $312.50 per share (equivalent to $12.50 per depositary share (CUSIP #493267AK4)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series D (CUSIP #493267603), payable on March 15, 2021 to holders of record as of the close of business on March 1, 2021, for the period commencing on (and including) December 15, 2020 to (but excluding) March 15, 2021;
• A dividend of $15.3125 per share (equivalent to $.382813 per depositary share (NYSE: KEY.I)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E (CUSIP #493267801), payable on March 15, 2021 to holders of record as of the close of business on March 1, 2021, for the period commencing on (and including) December 15, 2020 to (but excluding) March 15, 2021;
• A dividend of $14.1250 per share (equivalent to $.353125 per depositary share (NYSE: KEY.J)) on the corporation's outstanding Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F (CUSIP #493267884), payable on March 15, 2021 to holders of record as of the close of business on March 1, 2021, for the period commencing on (and including) December 15, 2020 to (but excluding) March 15, 2021; and
• A dividend of $14.0625 per share (equivalent to $.351563 per depositary share (NYSE: KEY.K)) on the corporation's outstanding Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (CUSIP #493267850), payable on March 15, 2021 to holders of record as of the close of business on March 1, 2021, for the period commencing on (and including) December 15, 2020 to (but excluding) March 15, 2021.

In addition, the Board of Directors has determined that the KeyCorp 2021 Annual Meeting of Shareholders will be held on Thursday, May 13, 2021.

About KeyCorp
KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $170.5 billion at September 30, 2020. Key provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of over 1,000 branches and approximately 1,400 ATMs.  Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications, and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name. For more information, visit https://www.key.com. KeyBank is Member FDIC.

 

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SOURCE KeyCorp

FAQ

What is the dividend amount declared by KeyCorp for Q1 2021?

KeyCorp declared a cash dividend of $0.185 per share on common shares for Q1 2021.

When is the dividend payable for KeyCorp's common shares?

The dividend is payable on March 15, 2021.

What are the record dates for KeyCorp's dividends?

The record date for common shares is March 2, 2021, and for preferred stocks, it is March 1, 2021.

When will KeyCorp hold its annual shareholder meeting?

The annual shareholder meeting will be held on May 13, 2021.

What are the preferred stock dividends declared by KeyCorp?

KeyCorp declared preferred stock dividends of $312.50 for Series D, $15.3125 for Series E, $14.1250 for Series F, and $14.0625 for Series G, all payable on March 15, 2021.