KeyCorp sets dividends for common and preferred shares

CLEVELAND - KeyCorp (NYSE: KEY), a major bank-based financial services company currently trading at $16.59 with a market capitalization of $18.24 billion, has announced dividends for the second quarter of 2025 across its common and preferred shares. The declared cash dividend for common shares is set at $0.205 per share, payable on June 13, 2025, to shareholders on record as of May 27, 2025. According to InvestingPro data, KeyCorp has maintained dividend payments for 54 consecutive years, with a current dividend yield of 4.93%.

Additionally, KeyCorp has declared dividends on various series of its preferred stock, all payable on June 16, 2025, to shareholders recorded by the close of business on June 2, 2025. The dividends are for the period starting March 15, 2025, and ending June 15, 2025. The Series D preferred stock dividend is $312.50 per share, Series E at $15.3125 per share, Series F at $14.1250 per share, Series G at $14.0625 per share, and Series H at $15.50 per share. While the company is currently not profitable over the last twelve months, InvestingPro analysis indicates net income is expected to grow this year, with analysts projecting a return to profitability.

KeyCorp, celebrating its bicentennial in 2025, operates under the KeyBank National Association brand, offering services like deposit, lending, cash management, and investment services to individuals and businesses. It also delivers corporate and investment banking products through its KeyBanc Capital Markets division. The company, which is headquartered in Cleveland, Ohio, has assets worth approximately $189 billion as of March 31, 2025. Recent performance has been strong, with the stock showing a 9.13% return over the past week. For deeper insights into KeyCorp’s financial health and valuation metrics, access the comprehensive Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.

The financial institution manages a network of around 1,000 branches and 1,200 ATMs across 15 states and provides services ranging from merger and acquisition advice to public and private debt and equity, syndications, and derivatives to middle market companies.

The announcement of these dividends follows the company’s established practice of returning value to its shareholders and is based on a press release statement from KeyCorp.

In other recent news, KeyCorp announced its financial results for the first quarter of 2025, reporting earnings per share (EPS) of $0.33, surpassing analysts’ expectations of $0.32. The company’s revenue reached $1.8 billion, exceeding the anticipated $1.75 billion, marking a 16% increase year-over-year. KeyCorp experienced strong performance in commercial mortgage servicing and investment banking fees, contributing to its robust financial results. The company maintains a solid capital position with a Common Equity Tier 1 (CET1) ratio of 11.8%. In addition to its earnings, KeyCorp has authorized a $1 billion share repurchase plan, set to commence in the second half of the year, pending further clarity on economic conditions. The company expects to maintain its guidance of 20% net interest income growth and projects fee growth to exceed 5%. KeyCorp’s management emphasized their preparedness for various economic scenarios, highlighting their strategic positioning amid ongoing economic uncertainties.

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