KEYCORP DECLARES QUARTERLY CASH DIVIDEND ON COMMON SHARES AND PREFERRED STOCKS

Rhea-AI Summary

KeyCorp (NYSE: KEY) announced that its Board of Directors has declared several dividends for the third quarter of 2024. Shareholders of the common shares will receive a cash dividend of $0.205 per share, payable on September 13, 2024, to those on record by August 27, 2024.

Dividends were also declared for various series of preferred stock, each payable on September 16, 2024, to holders of record as of September 3, 2024. These include: $312.50 per Series D share, $15.3125 per Series E share, $14.1250 per Series F share, $14.0625 per Series G share, and $15.50 per Series H share.

Positive

• Declaration of quarterly cash dividends signifies ongoing shareholder income.
• Dividend payments on common shares and multiple preferred stock series indicate KeyCorp's stable financial health.

Negative

• High dividend payouts on multiple preferred stock series could affect cash reserves.

CLEVELAND, July 10, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the third 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 September 13, 2024, to holders of record of such Common Shares as of the close of business on August 27, 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 September 16, 2024 to holders of record as of the close of business on September 3, 2024, for the period commencing on (and including) June 15, 2024 to (but excluding) September 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 September 16, 2024 to holders of record as of the close of business on September 3, 2024, for the period commencing on (and including) June 15, 2024 to (but excluding) September 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 September 16, 2024 to holders of record as of the close of business on September 3, 2024, for the period commencing on (and including) June 15, 2024 to (but excluding) September 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 September 16, 2024 to holders of record as of the close of business on September 3, 2024, for the period commencing on (and including) June 15, 2024 to (but excluding) September 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 September 16, 2024 to holders of record as of the close of business on September 3, 2024, for the period commencing on (and including) June 15, 2024 to (but excluding) September 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. 

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/keycorp-declares-quarterly-cash-dividend-on-common-shares-and-preferred-stocks-302194080.html

SOURCE KeyCorp

FAQ

What is the dividend amount declared by KeyCorp for its common shares in Q3 2024?

KeyCorp declared a cash dividend of $0.205 per common share for the third quarter of 2024.

When is the dividend payment date for KeyCorp's common shares?

The dividend payment date for KeyCorp's common shares is September 13, 2024.

What is the record date for KeyCorp's common share dividend in Q3 2024?

The record date for KeyCorp's common share dividend is August 27, 2024.

How much is the dividend for KeyCorp’s Series D preferred stock?

The dividend for KeyCorp’s Series D preferred stock is $312.50 per share.

When are the dividend payments for KeyCorp’s preferred stocks?

The dividend payments for KeyCorp’s preferred stocks are on September 16, 2024.

What is the record date for KeyCorp’s preferred stock dividends in Q3 2024?

The record date for KeyCorp’s preferred stock dividends is September 3, 2024.

How much is the dividend for KeyCorp’s Series E preferred stock?

The dividend for KeyCorp’s Series E preferred stock is $15.3125 per share.

How much is the dividend for KeyCorp’s Series F preferred stock?

The dividend for KeyCorp’s Series F preferred stock is $14.1250 per share.

How much is the dividend for KeyCorp’s Series G preferred stock?

The dividend for KeyCorp’s Series G preferred stock is $14.0625 per share.

How much is the dividend for KeyCorp’s Series H preferred stock?

The dividend for KeyCorp’s Series H preferred stock is $15.50 per share.