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CLEVELAND - KeyCorp (NYSE:KEY) announced Tuesday that its Board of Directors has declared a quarterly cash dividend of $0.205 per share on its outstanding common shares, payable on September 15, 2025, to shareholders of record as of September 2, 2025. The dividend represents a yield of 4.47%, reflecting the company’s impressive 54-year streak of consecutive dividend payments, according to InvestingPro data.
The Cleveland-based financial services company also declared dividends on several series of preferred stock. These include $312.50 per share on Series D preferred stock, $15.3125 per share on Series E, $14.1250 per share on Series F, $14.0625 per share on Series G, and $15.50 per share on Series H preferred stock. All preferred stock dividends will be paid on September 15 to shareholders of record as of September 2.
KeyCorp, which is celebrating its bicentennial in 2025, operates under the name KeyBank National Association, providing deposit, lending, cash management, and investment services to individuals and businesses across 15 states. The bank maintains approximately 1,000 branches and 1,200 ATMs. With a market capitalization of $19.64 billion, KeyCorp stands as a significant player in the financial services sector. InvestingPro analysis shows the stock is currently trading near its Fair Value.
As of March 31, 2025, KeyCorp reported assets of approximately $189 billion. The company also offers corporate and investment banking products through KeyBanc Capital Markets.
The dividend announcement was made in a press release issued by the company.
In other recent news, KeyCorp has been active with several significant developments. Baird downgraded KeyCorp’s stock from Outperform to Neutral, citing the recent rally in its shares, and set a price target of $18. This decision reflects the belief that the near-term upside has played out for the stock. Meanwhile, BofA Securities raised its price target for KeyCorp to $20, maintaining a Buy rating, and highlighted the bank’s favorable position to benefit from increased U.S. capital expenditure. Additionally, Keefe, Bruyette & Woods maintained an Outperform rating for KeyCorp, noting the company’s strong investment banking performance and loan growth.
In strategic business moves, KeyBank, a division of KeyCorp, expanded its partnership with Qolo by making a minority equity investment, aiming to boost its payment solutions and enhance technology offerings. This investment is part of KeyBank’s ongoing strategy to engage with emerging fintech companies. Furthermore, KeyCorp is involved in a transaction where Plains All American Pipeline plans to sell its natural gas liquids business to Keyera for $3.75 billion. This deal, subject to regulatory approvals, is expected to close in the first quarter of 2026.
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