KeyCorp Declares Quarterly Cash Dividend On Common Shares And Preferred Stocks

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KeyCorp (NYSE: KEY) announced a cash dividend of $0.185 per share on common shares, payable on September 15, 2020. Record date is September 1, 2020. 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 the same date with a record date of August 31, 2020. KeyCorp, headquartered in Cleveland, has approximately $156.2 billion in assets as of March 31, 2020, serving clients through over 1,000 branches across 15 states.

Positive

• Declared a cash dividend of $0.185 per share on common shares.
• Strong asset base of approximately $156.2 billion.

Negative

• None.

CLEVELAND, July 8, 2020 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the third quarter of 2020:

• A cash dividend of $0.185 per share on the corporation's outstanding common shares (NYSE: KEY). The dividend is payable on September 15, 2020 to holders of record of such common shares as of the close of business on September 1, 2020;
• 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 September 15, 2020 to holders of record as of the close of business on August 31, 2020, for the period commencing on (and including) June 15, 2020 to (but excluding) September 15, 2020;
• 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 September 15, 2020 to holders of record as of the close of business on August 31, 2020, for the period commencing on (and including) June 15, 2020 to (but excluding) September 15, 2020;
• 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 September 15, 2020 to holders of record as of the close of business on August 31, 2020, for the period commencing on (and including) June 15, 2020 to (but excluding) September 15, 2020; 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 September 15, 2020 to holders of record as of the close of business on August 31, 2020, for the period commencing on (and including) June 15, 2020 to (but excluding) September 15, 2020.

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 $156.2 billion at March 31, 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 Q3 2020?

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

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

The dividend is payable on September 15, 2020.

What are the record dates for KeyCorp's dividends?

The record date for common shares is September 1, 2020, and for preferred stocks, it is August 31, 2020.

Are there any dividends declared on KeyCorp's preferred stocks?

Yes, dividends include $312.50 for Series D, $15.3125 for Series E, $14.1250 for Series F, and $14.0625 for Series G.

How does KeyCorp's asset base impact its dividend sustainability?

KeyCorp's strong asset base of $156.2 billion supports its ability to maintain dividends.