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KeyCorp to pay cash dividend of 18.5 cents a share in March

By Journal Staff

Date:

KeyBank’s branch in Fulton. (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 18.5 cents per share of its common stock for the first quarter of 2020.

The dividend is payable on March 13, to shareholders of record as of the close of business on March 3.

Headquartered in Cleveland, Ohio, Key is one of the nation’s largest bank-based financial services companies, with assets of $146.7 billion as of Sept. 30, 2019. Its roots trace back 190 years to Albany.

In the 16-county CNY region, KeyBank had 66 branches and $4.6 billion in deposits, good for a 15.07 percent market share, according to the latest FDIC statistics as of last June 30.

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