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KeyCorp boosts dividend to 19.5 cents a share for Q4

By Journal Staff (news@cnybj.com)

Date:

KeyBank’s branch office on West Genesee Street in Fairmount. (ADAM ROMBEL/ CNYBJ)

KeyCorp (NYSE: KEY) — parent of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York area — has declared a quarterly cash dividend of 19.5 cents per share of its common stock for the fourth quarter.

The dividend is payable on Dec. 15, to holders of record as of the close of business on Nov. 30. At Key’s current stock price, the dividend yields nearly 3.2 percent on an annual basis.

The new dividend is up 5 percent from the 18.5 cents that Key paid last quarter.

Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial-services companies, with assets of about $187 billion as of Sept. 30. Its roots trace back nearly 200 years to Albany. KeyBank has a network of about 1,000 branches and 1,300 ATMs in 15 states.

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