CLEVELAND, May 19, 2016 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the second quarter of 2016:
- A cash dividend of $0.085 per share on the corporation's outstanding common shares. The dividend is payable on June 15, 2016 to holders of record of such common shares as of the close of business on May 31, 2016
- A dividend of $1.9375 per share on the corporation's outstanding 7.750% Non-Cumulative Perpetual Convertible Preferred Stock, Series A, payable on June 15, 2016 to holders of record as of the close of business on May 31, 2016, for the period commencing on (and including) March 15, 2016 to (but excluding) June 15, 2016
The cash dividend of $0.085 per common share represents a 13% increase compared to the $0.075 per common share paid last quarter.
KeyCorp was organized more than 160 years ago and is headquartered in Cleveland, Ohio. One of the nation's largest bank-based financial services companies, Key had assets of approximately $98.4 billion at March 31, 2016.
Key provides deposit, lending, cash management and investment services to individuals and small and mid-sized businesses in 12 states under the name KeyBank National Association. 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.
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