KEYCORP DECLARES QUARTERLY CASH DIVIDEND ON COMMON SHARES AND PREFERRED STOCKS

Rhea-AI Summary

On May 12, 2022, KeyCorp (NYSE: KEY) announced the declaration of dividends for the second quarter of 2022. A cash dividend of $0.195 per share on common shares is scheduled for payment on June 15, 2022, to holders of record as of May 31, 2022. Additionally, dividends for preferred stocks include $312.50 per share for Series D, $15.3125 for Series E, $14.1250 for Series F, and $14.0625 for Series G, all payable on June 15, 2022. These dividends reflect the company's ongoing commitment to returning value to shareholders.

Positive

• Common share dividend of $0.195 per share reflects strong financial performance.
• Preferred stock dividends ensure continued income for investors.

Negative

• None.

CLEVELAND, May 12, 2022 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the second quarter of 2022:

• A cash dividend of $0.195 per share on the corporation's outstanding common shares (NYSE: KEY). The dividend is payable on June 15, 2022 to holders of record of such Common Shares as of the close of business on May 31, 2022;
• 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 15, 2022 to holders of record as of the close of business on May 31, 2022, for the period commencing on (and including) March 15, 2022 to (but excluding) June 15, 2022;
• 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 15, 2022 to holders of record as of the close of business on May 31, 2022, for the period commencing on (and including) March 15, 2022 to (but excluding) June 15, 2022;
• 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 15, 2022 to holders of record as of the close of business on May 31, 2022, for the period commencing on (and including) March 15, 2022 to (but excluding) June 15, 2022; 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 June 15, 2022 to holders of record as of the close of business on May 31, 2022, for the period commencing on (and including) March 15, 2022 to (but excluding) June 15, 2022.

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 $181.2 billion at March 31, 2022. 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 1,300 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 common shares in 2022?

KeyCorp declared a cash dividend of $0.195 per share for common shares.

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

The dividend for common shares is payable on June 15, 2022.

What are the dividend amounts for KeyCorp's preferred stocks in 2022?

Dividends for preferred stocks include $312.50 for Series D, $15.3125 for Series E, $14.1250 for Series F, and $14.0625 for Series G.

What is the record date for KeyCorp's dividend payment?

The record date for KeyCorp's dividend payment is May 31, 2022.

How often does KeyCorp pay dividends?

KeyCorp pays dividends quarterly.