KeyCorp (NYSE: KEY) — parent of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York area — recently boosted its quarterly cash dividend by 11 percent to 10.5 cents per share of its common stock.
The dividend, up from the 9.5 cents that Key paid last quarter, is payable on Dec. 15, to holders of record as of the close of business on Nov. 28.
This marks the second dividend increase that KeyCorp has initiated in 2017, following a 12 percent rise in the second quarter.
Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of $136.7 billion as Sept. 30.
In the 16-county CNY region, KeyBank had 68 branches and nearly $4.3 billion in deposits, good for a 14.42 percent market share, according to the latest FDIC statistics as of June 30.
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Photo by Adam Rombel/ BJNN