Financial services company KeyCorp (KEY) will raise its quarterly dividend by 10.5 percent to $0.105 per share in the fourth quarter of 2017. The new dividend yield for KEY is 2.3%.
The dividend is payable on December 15, 2017 to holders of record of such common shares as of the close of business on November 28, 2017.
Headquartered in Cleveland, Ohio, KeyCorp is a bank-based financial services company. KeyCorp provides deposit, lending, cash management, and investment services to individuals and businesses in 15 states under the name KeyBank National Association through a network of branches ATMs. The company also provides 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.