CLEVELAND, May 9, 2018 /PRNewswire/ -- KeyCorp (NYSE: KEY)
announced today that its Board of Directors declared the following
dividends for the second quarter of 2018:
- A cash dividend of $0.12 per
share on the corporation's outstanding common shares (NYSE: KEY).
The dividend is payable on June 15,
2018 to holders of record of such common shares as of the
close of business on May 29,
2018
- A dividend of $312.50 (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, 2018
to holders of record as of the close of business on May 31, 2018, for the period commencing on (and
including) March 15, 2018 to (but
excluding) June 15, 2018
- A dividend of $15.3125
(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, 2018 to holders of record as of the close of business on
May 31, 2018, for the period
commencing on (and including) March 15,
2018 to (but excluding) June 15,
2018.
The cash dividend of $0.12 per
common share represents a 14% increase compared to the $0.105 per common share paid last quarter and
marks the third dividend increase in the past 12 months.
About KeyCorp
KeyCorp's roots trace back 190 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 $137.0 billion at March 31, 2018.
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
1,200 branches and more than 1,500 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