KeyCorp (NYSE: KEY) — parent company of KeyBank, the No. 2 bank ranked by deposit market share in the 16-county Central New York region — has declared a quarterly cash dividend of 20.5 cents per share of its common stock for the second quarter of this year.
The dividend is payable on June 15, to holders of record as of the close of business on May 30. At Key’s current stock price, the dividend yields about 8.3 percent on an annual basis.
The new dividend is the same amount that KeyCorp paid out in the last two quarters.
Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial-services companies, with assets of about $198 billion as of March 31. 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.