CLEVELAND, July 11, 2018 /PRNewswire/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors declared the following dividends for the third quarter of 2018:
- A cash dividend of $0.17 per share on the corporation's outstanding common shares (NYSE: KEY). The dividend is payable on September 14, 2018 to holders of record of such common shares as of the close of business on August 28, 2018
- A dividend of $312.50 (equivalent to $12.50 per depositary share (CUSIP #493267AK4)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series D (CUSIP #493267603), payable on September 17, 2018 to holders of record as of the close of business on August 31, 2018, for the period commencing on (and including) June 15, 2018 to (but excluding) September 15, 2018
- A dividend of $15.3125 (equivalent to $.382813 per depositary share (NYSE: KEY.I)) on the corporation's outstanding Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E (CUSIP #493267801), payable on September 17, 2018 to holders of record as of the close of business on August 31, 2018, for the period commencing on (and including) June 15, 2018 to (but excluding) September 15, 2018.
The cash dividend of $0.17 per common share represents a 42% increase compared to the $0.12 per common share paid last quarter and marks the third dividend increase in the past 12 months.
KeyCorp's roots trace back 190 years to Albany, New York. Headquartered in Cleveland, Ohio, Key is one of the nation's largest bank-based financial services companies, with assets of approximately $137.0 billion at March 31, 2018. Key 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 approximately 1,200 branches and more than 1,500 ATMs. 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.