KeyCorp Declares Regular Dividends
CLEVELAND, Nov. 17, 2011 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared a regular dividend on its common shares for the fourth quarter, 2011.
A regular cash dividend of $0.03 per share of its common shares, or $0.12 per share on an annualized basis, was approved. The dividend is payable December 15, 2011 to shareholders of record on November 29, 2011.
Also, the Board of Directors approved a cash dividend of $1.9375 per share of its Non-Cumulative Perpetual Convertible Preferred Stock, Series A. The dividend is payable December 15, 2011 to shareholders of record on November 30, 2011.
"This latest action reflects Key's sustained profitability, ongoing disciplined capital and credit management, and favorable outlook," said Beth E. Mooney, KeyCorp Chairman and CEO.
Cleveland-based KeyCorp, through its legacy banks, enjoys a 160-year history. One of the nation's largest bank-based financial services companies, Key has assets of approximately $89 billion.
Key provides deposit, lending, cash management and investment services to individuals and small businesses in 14 states under the name of KeyBank N.A. Key also provides a broad range of sophisticated corporate and investment banking products, such as merger and acquisition advice, public and private debt and equity, syndications and derivatives to middle market companies in selected industries throughout the United States under the KeyBanc Capital Markets trade name.
For more information, visit https://www.key.com/. KeyBank is Member FDIC.
Posted: November 22, 2011