KeyCorp declares quarterly dividend of $0.205 per common share

CLEVELAND - KeyCorp (NYSE:KEY) announced Thursday that its Board of Directors has declared a quarterly cash dividend of $0.205 per share on its outstanding common shares, payable on December 15, 2025, to shareholders of record as of December 2, 2025. The bank currently offers a 4.73% dividend yield and has maintained dividend payments for 54 consecutive years, according to InvestingPro data. Based on Fair Value estimates, the stock appears slightly undervalued at its current price of $17.27.

The Cleveland-based financial services company also declared dividends on several series of preferred stock. These include $312.50 per share on its 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 December 15, 2025, to shareholders of record as of December 1, 2025, covering the period from September 15, 2025, to December 15, 2025.

KeyCorp, which is celebrating its bicentennial this year, operates under the name KeyBank National Association. The company provides deposit, lending, cash management, and investment services to individuals and businesses across 15 states through approximately 1,000 branches and 1,200 ATMs.

With assets of approximately $187 billion as of September 30, 2025, KeyCorp also offers corporate and investment banking products through its KeyBanc Capital Markets division.

The dividend announcement was made in a press release issued by the company.

In other recent news, KeyCorp reported its third-quarter 2025 earnings, surpassing analysts’ expectations with an earnings per share of $0.41, higher than the forecasted $0.38. The company’s revenue also exceeded predictions, coming in at $1.9 billion compared to the expected $1.88 billion. Despite these positive earnings results, several firms have adjusted their outlooks on KeyCorp. TD Cowen lowered its price target to $19 from $21, citing M&A risk but maintained a Hold rating. DA Davidson also reduced its price target to $21 from $22, while noting the strong third-quarter results and increased full-year revenue guidance. Jefferies adjusted its price target to $18 from $20, highlighting the company’s strong performance driven by net interest margin expansion. Additionally, KeyCorp announced a reduction in its prime lending rate to 7.00 percent from 7.25 percent, effective October 30, 2025.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.