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.
About KeyCorp
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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SOURCE KeyCorp