KEYCORP DECLARES QUARTERLY CASH DIVIDEND ON COMMON SHARES AND PREFERRED STOCKS AND ANNOUNCES NEW SHARE REPURCHASE PROGRAM

Rhea-AI Summary

KeyCorp (NYSE: KEY) declared second quarter 2026 dividends on its common and multiple preferred share series and authorized a larger buyback program.

The common dividend is $0.205 per share, payable June 15, 2026. A new $3.0 billion share repurchase authorization replaces a prior $1.0 billion program.

Positive

• Quarterly common dividend of $0.205 per share payable June 15, 2026
• Declared Q2 2026 dividends on Series D, E, F, G and H preferred shares
• New $3.0 billion common share repurchase authorization announced
• New buyback replaces prior $1.0 billion program with $280 million remaining

Negative

• None.

News Market Reaction – KEY

+1.59%

+1.59% Session close to close

In the May 14 session, KEY gained 1.59%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement confirms a quarterly common dividend of $0.205 per share and details multiple pref...

Analysis

This announcement confirms a quarterly common dividend of $0.205 per share and details multiple preferred dividends, while introducing a new $3.0 billion share repurchase program that replaces a smaller prior authorization. It underscores an ongoing capital return strategy alongside previously reported earnings strength and strategic expansion. Investors may focus on how actively the repurchase capacity is used, the sustainability of current dividend levels, and how regulatory or liquidity requirements could influence future capital deployment decisions.

Key Figures

Common dividend: $0.205 per share Series D dividend: $312.50 per share Series E dividend (depositary): $0.382813 per depositary share +5 more

8 metrics

Common dividend $0.205 per share Q2 2026 dividend on common shares, payable June 15, 2026

Series D dividend $312.50 per share Preferred Stock Series D dividend for period Mar 15–Jun 15, 2026

Series E dividend (depositary) $0.382813 per depositary share Preferred Stock Series E, KEY.I depositary share

Series F dividend (depositary) $0.353125 per depositary share Preferred Stock Series F, KEY.J depositary share

Series G dividend (depositary) $0.351563 per depositary share Preferred Stock Series G, KEY.K depositary share

Series H dividend (depositary) $0.3875 per depositary share Preferred Stock Series H, KEY.L depositary share

New repurchase authorization $3.0 billion Maximum common share repurchases under new program

Prior authorization $1.0 billion, $280 million remaining Existing buyback replaced by new $3.0B authorization

Historical Context

5 past events · Latest: May 12 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
May 12	Small business initiative	Positive	-0.1%	Showcased Certified Cash Flow Advisor program and small business banking awards.
May 06	Regional expansion	Positive	+1.6%	Expanded middle market banking team in Southeast Michigan to drive growth.
May 01	Industry award	Positive	-1.1%	Key Private Bank won Regional Private Bank award and highlighted AUM/AUA scale.
Apr 22	Acquisition announcement	Positive	-0.3%	Agreed to acquire Clearwater UK to expand middle‑market M&A advisory reach.
Apr 16	Earnings report	Positive	+0.5%	Reported higher Q1 net income, revenue growth, solid credit, and buybacks.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Positive strategic and earnings news has not consistently produced upside; reactions have been mixed with slightly more divergences than alignments.

Recent Company History

Over the past month, KeyCorp has reported strong Q1 2026 earnings, tactical expansion (the Clearwater UK acquisition and a new middle‑market team in Southeast Michigan), and brand recognition via private bank awards and small business initiatives. Price reactions were positive on some growth‑focused items but negative on others, including awards and advisory programs. Against this backdrop, the new dividend and expanded buyback continue a theme of capital return layered on top of organic and inorganic growth initiatives.

Key Terms

fixed-to-floating rate perpetual non-cumulative preferred stock, fixed rate perpetual non-cumulative preferred stock, fixed rate reset perpetual non-cumulative preferred stock, cusip, +1 more

5 terms

fixed-to-floating rate perpetual non-cumulative preferred stock financial

"outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series D"

A fixed-to-floating rate perpetual non-cumulative preferred stock is a type of share that pays a set dividend for an initial period, then switches to a variable dividend tied to a market benchmark, has no scheduled maturity date, and does not require the issuer to make up missed payments. Think of it like a long-term income instrument that can change its payout rate; it matters to investors because it offers priority over common stock for income but carries interest-rate and payment-risk implications that affect yield and valuation.

fixed rate perpetual non-cumulative preferred stock financial

"outstanding Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F"

A fixed rate perpetual non-cumulative preferred stock is a type of ownership share that pays a set, unchanging payment (like interest) forever unless the company stops paying; there is no maturity date. It ranks ahead of common stock for payments and in liquidation, so it can provide steady income to investors, but if the company skips a payment those missed amounts are not owed later, making the income less guaranteed than debt.

fixed rate reset perpetual non-cumulative preferred stock financial

"outstanding Fixed Rate Reset Perpetual Non-Cumulative Preferred Stock, Series H"

A fixed rate reset perpetual non‑cumulative preferred stock is a type of share that pays preferred dividends at a fixed rate for an initial period, then periodically resets that rate based on market benchmarks; it has no set maturity date (perpetual). Dividends that are skipped are not owed later (non‑cumulative). Investors care because it offers higher-priority income like a bond but carries interest‑rate reset risk and no guaranteed repayment date, so it’s useful for income but can be volatile in rising-rate environments.

cusip financial

"per depositary share (CUSIP #493267AK4)) on the corporation's outstanding"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

View in glossary

rule 10b5-1 plans regulatory

"including through Rule 10b5-1 plans and other programs, at the discretion"

A Rule 10b5-1 plan is a prearranged schedule that lets company insiders buy or sell stock at set times or prices, set up when they do not possess confidential information. It acts like an automatic thermostat for trades, reducing the risk that otherwise-timed transactions could be accused of insider trading. Investors care because such plans increase transparency about insider activity and signal when insider trades are routine rather than reactive to private news.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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CLEVELAND, May 13, 2026 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the second quarter of 2026:

• A cash dividend of $0.205 per share on the corporation's outstanding common shares (NYSE: KEY). The dividend is payable on June 15, 2026, to holders of record of such Common Shares as of the close of business on June 2, 2026;

• 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, 2026 to holders of record as of the close of business on June 1, 2026, for the period commencing on (and including) March 15, 2026 to (but excluding) June 15, 2026;

• 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, 2026 to holders of record as of the close of business on June 1, 2026, for the period commencing on (and including) March 15, 2026 to (but excluding) June 15, 2026;

• 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, 2026 to holders of record as of the close of business on June 1, 2026, for the period commencing on (and including) March 15, 2026 to (but excluding) June 15, 2026;

• 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, 2026 to holders of record as of the close of business on June 1, 2026, for the period commencing on (and including) March 15, 2026 to (but excluding) June 15, 2026; 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 15, 2026 to holders of record as of the close of business on June 1, 2026, for the period commencing on (and including) March 15, 2026 to (but excluding) June 15, 2026.

KeyCorp also announced that its Board of Directors has authorized a new share repurchase program pursuant to which KeyCorp may purchase up to $3.0 billion of KeyCorp common shares, through open market purchases, privately negotiated transactions, or other means, including through Rule 10b5-1 plans and other programs, at the discretion of management and on terms that management determines to be advisable. The new repurchase authorization replaces KeyCorp's existing $1.0 billion share repurchase authorization, which had approximately $280 million in common stock repurchases remaining. The timing and price of repurchases as well as the actual number of shares repurchased under the new program will depend on a variety of factors, including general market conditions, the stock price, regulatory requirements and limitations, corporate liquidity requirements and priorities, and other factors.

About KeyCorp

KeyCorp's roots trace back more than 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 $189 billion at March 31, 2026.

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 950 branches and approximately 1,100 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 Member FDIC.

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SOURCE KeyCorp

FAQ

What quarterly dividend did KeyCorp (NYSE: KEY) declare for common shareholders for Q2 2026?

KeyCorp declared a quarterly common dividend of $0.205 per share for Q2 2026. According to KeyCorp, this dividend is payable on June 15, 2026 to shareholders of record as of the close of business on June 2, 2026.

When are the record date and payment date for KeyCorp's June 2026 common stock dividend (KEY)?

The common dividend will be paid on June 15, 2026 to shareholders of record on June 2, 2026. According to KeyCorp, investors holding KEY common shares at the close of business on June 2 qualify for the $0.205 per share payment.

What preferred stock dividends did KeyCorp declare for Series E (KEY.I), J (KEY.J), K (KEY.K) and H (KEY.L)?

KeyCorp declared Q2 2026 preferred dividends on Series E, F, G and H, including depositary shares KEY.I, KEY.J, KEY.K and KEY.L. According to KeyCorp, per-depositary-share amounts include $0.382813 for KEY.I and $0.3875 for KEY.L, payable June 15, 2026.

What is the size of KeyCorp's new share repurchase program for KEY stock announced in May 2026?

KeyCorp's Board authorized a new $3.0 billion common share repurchase program. According to KeyCorp, purchases may occur via open market, private transactions or Rule 10b5-1 plans, with timing and volume dependent on market conditions, liquidity needs and regulatory requirements.

How does KeyCorp's new $3.0 billion buyback authorization compare with its previous KEY share repurchase program?

The new authorization totals $3.0 billion and replaces a prior $1.0 billion program. According to KeyCorp, about $280 million of capacity remained under the old authorization before it was replaced, giving management expanded flexibility for future common share repurchases.

When will KeyCorp's Q2 2026 preferred stock dividends be paid and who is eligible?

Preferred dividends for Series D, E, F, G and H will be paid on June 15, 2026. According to KeyCorp, holders of record as of the close of business on June 1, 2026 qualify for these payments for the March 15–June 15, 2026 period.