KeyCorp (NYSE: KEY), parent of KeyBank, announced that its board of directors has declared a cash dividend of 7 ½ cents per share of its common stock. The dividend is payable on Dec. 15 to holders of record as of the close of business on Dec. 1.
At its current stock price, the dividend yields about 2.3 percent on an annual basis. Key also paid the same dividend amount in each of the last two quarters.
Key, headquartered in Cleveland, Ohio, announced on Oct. 30 that it will acquire Buffalo–based First Niagara Financial Group (NASDAQ: FNFG) for $4.1 billion. The deal, if approved by regulators, will combine the number 3 and number 5 banks in the Syracuse metro area, respectively, ranked by deposit market share. The banks currently operate 40 branches combined in the Syracuse market.
(Sponsored)
Maximizing Tax Benefits for Energy-Efficient Buildings
The Inflation Reduction Act (IRA) of 2022 significantly enhanced the Section 179D deduction, making it even more valuable for businesses investing in energy-efficient commercial building property (EECBP) and energy-efficient commercial
Avoid the Employment Law Mistakes that Threaten Your New Business
Amid the excitement and uncertainty that accompany the opening of a new business, entrepreneurs often overlook basic employment law requirements that can cost them dearly. These include how they classify
Contact The Business Journal News Network at news@cnybj.com
