Financial services company KeyCorp (KEY) will raise its quarterly dividend by 8.8 percent to $0.185 per share in 2019. This follows a total dividend increase of 61.9 percent by the financial services company last year.
The next dividend is payable on September 13, 2019 to holders of record of such common shares as of the close of business on August 27, 2019. A new annualized dividend rate of 74 cents per share yields 4.2% at a stock price of $17.45.
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.