KEYCORP DECLARES QUARTERLY CASH DIVIDEND ON COMMON SHARES AND PREFERRED STOCKS

Rhea-AI Summary

KeyCorp (NYSE: KEY) Declares Dividends for Q4 2023

Positive

• KeyCorp declares dividends for the fourth quarter of 2023, including a cash dividend of $0.205 per share on outstanding common shares and various dividends on preferred stocks.
• The cash dividend on common shares is payable on December 15, 2023, to holders of record as of November 28, 2023.
• Dividends on preferred stocks range from $12.50 to $15.50 per share and are payable on December 15, 2023, to holders of record as of November 30, 2023.

Negative

• None.

CLEVELAND, Nov. 16, 2023 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the fourth quarter of 2023:

• A cash dividend of $0.205 per share on the corporation's outstanding common shares (NYSE: KEY). The dividend is payable on December 15, 2023, to holders of record of such Common Shares as of the close of business on November 28, 2023;
• 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 December 15, 2023 to holders of record as of the close of business on November 30, 2023, for the period commencing on (and including) September 15, 2023 to (but excluding) December 15, 2023;
• 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 December 15, 2023 to holders of record as of the close of business on November 30, 2023, for the period commencing on (and including) September 15, 2023 to (but excluding) December 15, 2023;
• 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 December 15, 2023 to holders of record as of the close of business on November 30, 2023, for the period commencing on (and including) September 15, 2023 to (but excluding) December 15, 2023;
• 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 December 15, 2023 to holders of record as of the close of business on November 30, 2023, for the period commencing on (and including) September 15, 2023 to (but excluding) December 15, 2023; 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 December 15, 2023 to holders of record as of the close of business on November 30, 2023, for the period commencing on (and including) September 15, 2023 to (but excluding) December 15, 2023.

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 $188 billion at September 30, 2023. 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. 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/keycorp-declares-quarterly-cash-dividend-on-common-shares-and-preferred-stocks-301991305.html

SOURCE KeyCorp

FAQ

What dividends did KeyCorp declare for Q4 2023?

KeyCorp declared a cash dividend of $0.205 per share on outstanding common shares and various dividends on preferred stocks for the fourth quarter of 2023.

When are the dividends payable?

The cash dividend on common shares is payable on December 15, 2023, while dividends on preferred stocks are also payable on the same date.

What is the record date for the dividends?

Holders of record as of November 28, 2023, for common shares and November 30, 2023, for preferred stocks are eligible to receive the declared dividends.