KEYCORP DECLARES QUARTERLY CASH DIVIDEND ON COMMON SHARES AND PREFERRED STOCKS

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KeyCorp (NYSE: KEY) declared dividends for the second quarter of 2024, including a cash dividend of $0.205 per share on common shares and various dividends on preferred stock. The dividends are payable in June to shareholders of record as of specific dates in May and June.

CLEVELAND, May 9, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the second quarter of 2024:

• A cash dividend of $0.205 per share on the corporation's outstanding common shares (NYSE: KEY). The dividend is payable on June 14, 2024, to holders of record of such Common Shares as of the close of business on May 28, 2024;
  
  
• 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 June 17, 2024 to holders of record as of the close of business on June 3, 2024, for the period commencing on (and including) March 15, 2024 to (but excluding) June 15, 2024;
  
  
• 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 June 17, 2024 to holders of record as of the close of business on June 3, 2024, for the period commencing on (and including) March 15, 2024 to (but excluding) June 15, 2024;
  
  
• 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 June 17, 2024 to holders of record as of the close of business on June 3, 2024, for the period commencing on (and including) March 15, 2024 to (but excluding) June 15, 2024;
  
  
• 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 June 17, 2024 to holders of record as of the close of business on June 3, 2024, for the period commencing on (and including) March 15, 2024 to (but excluding) June 15, 2024; and
  
  
• A dividend of $15.50 per share (equivalent to $.3875 per depositary share (NYSE: KEY.L)) on the corporation's outstanding Fixed Rate Reset Perpetual Non-Cumulative Preferred Stock, Series H (CUSIP #493267835), payable on June 17, 2024 to holders of record as of the close of business on June 3, 2024, for the period commencing on (and including) March 15, 2024 to (but excluding) June 15, 2024.

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 $187 billion at March 31, 2024. 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 approximately 1,000 branches and approximately 1,200 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 dividends did KeyCorp declare for the second quarter of 2024?

KeyCorp declared a cash dividend of $0.205 per share on common shares and various dividends on preferred stock.

When are the dividends payable?

The dividends are payable in June. The cash dividend on common shares is payable on June 14, 2024, while the dividends on preferred stock are payable on June 17, 2024.

What is the record date for the dividends?

For the cash dividend on common shares, the record date is May 28, 2024. For the dividends on preferred stock, the record date is June 3, 2024.

What is the amount of the dividend per share on the preferred stock?

The dividends per share on the preferred stock range from $312.50 to $15.50, depending on the series.

What is the CUSIP number for the preferred stock?

The CUSIP numbers for the preferred stock series mentioned are #493267603, #493267801, #493267884, #493267850, and #493267835.