KeyCorp Declares Quarterly Cash Dividend On Common Shares And Preferred Stocks

Rhea-AI Summary

KeyCorp (NYSE: KEY) announced a cash dividend of $0.185 per share on common shares, payable on September 15, 2021, to shareholders on record as of August 31, 2021. Additional dividends include $312.50 per share on Series D Preferred Stock, $15.3125 on Series E, $14.1250 on Series F, and $14.0625 on Series G, also payable on September 15, 2021. This demonstrates the company’s commitment to returning value to its shareholders amidst its operations across 15 states.

Positive

• Declaration of a cash dividend of $0.185 per common share, reflecting company confidence.
• Multiple dividends declared on preferred stocks, indicating robust financial health.

Negative

• None.

CLEVELAND, July 7, 2021 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the third 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 September 15, 2021 to holders of record of such Common Shares as of the close of business on August 31, 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 September 15, 2021 to holders of record as of the close of business on August 31, 2021, for the period commencing on (and including) June 15, 2021 to (but excluding) September 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 September 15, 2021 to holders of record as of the close of business on August 31, 2021, for the period commencing on (and including) June 15, 2021 to (but excluding) September 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 September 15, 2021 to holders of record as of the close of business on August 31, 2021, for the period commencing on (and including) June 15, 2021 to (but excluding) September 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 September 15, 2021 to holders of record as of the close of business on August 31, 2021, for the period commencing on (and including) June 15, 2021 to (but excluding) September 15, 2021.

About KeyCorp
KeyCorp's roots trace back nearly 200 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 $176.2 billion at March 31, 2021. 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 more than 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 2021?

KeyCorp declared a cash dividend of $0.185 per share for Q3 2021 on common shares.

When will KeyCorp's dividends be payable?

The dividends will be payable on September 15, 2021.

What is the record date for KeyCorp's Q3 dividends?

The record date for KeyCorp's Q3 dividends is August 31, 2021.

What are the dividends declared for KeyCorp's preferred stocks?

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