KEYCORP DECLARES QUARTERLY CASH DIVIDEND ON COMMON SHARES AND PREFERRED STOCKS

Rhea-AI Summary

KeyCorp (NYSE: KEY) has declared its fourth quarter 2024 dividends. The company will pay a cash dividend of $0.205 per common share on December 13, 2024, to shareholders of record as of December 3, 2024. Additionally, KeyCorp announced dividend payments for five series of preferred stocks (Series D, E, F, G, and H), all payable on December 16, 2024, to shareholders of record as of December 2, 2024. The preferred stock dividends range from $14.0625 to $312.50 per share, with corresponding depositary share equivalents.

Positive

• Maintaining regular quarterly dividend payments demonstrates financial stability
• Common share dividend of $0.205 provides steady income stream to shareholders

Negative

• None.

News Market Reaction

+1.98%

1 alert

+1.98% News Effect

On the day this news was published, KEY gained 1.98%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

CLEVELAND, Nov. 21, 2024 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the fourth 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 December 13, 2024, to holders of record of such Common Shares as of the close of business on December 3, 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 December 16, 2024 to holders of record as of the close of business on December 2, 2024, for the period commencing on (and including) September 15, 2024 to (but excluding) December 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 December 16, 2024 to holders of record as of the close of business on December 2, 2024, for the period commencing on (and including) September 15, 2024 to (but excluding) December 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 December 16, 2024 to holders of record as of the close of business on December 2, 2024, for the period commencing on (and including) September 15, 2024 to (but excluding) December 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 December 16, 2024 to holders of record as of the close of business on December 2, 2024, for the period commencing on (and including) September 15, 2024 to (but excluding) December 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 December 16, 2024 to holders of record as of the close of business on December 2, 2024, for the period commencing on (and including) September 15, 2024 to (but excluding) December 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 $190 billion at September 30, 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. 

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SOURCE KeyCorp

FAQ

What is KeyCorp's Q4 2024 dividend amount for common shares?

KeyCorp (KEY) declared a cash dividend of $0.205 per common share for Q4 2024.

When is KeyCorp's Q4 2024 dividend payment date?

The Q4 2024 common share dividend will be paid on December 13, 2024, to shareholders of record as of December 3, 2024.

How many preferred stock series are receiving dividends from KeyCorp in Q4 2024?

KeyCorp declared dividends for five preferred stock series (Series D, E, F, G, and H) in Q4 2024.

What is the payment date for KeyCorp's preferred stock dividends in Q4 2024?

All preferred stock dividends will be paid on December 16, 2024, to shareholders of record as of December 2, 2024.