KeyCorp Declares Quarterly Dividend of $0.20 (NYSE:KEY)

KeyCorp (NYSE:KEY) declared a quarterly dividend on Wednesday, July 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of 0.205 per share by the financial services provider on Tuesday, September 15th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date is Tuesday, September 1st.

KeyCorp has raised its dividend payment by an average of 0.0%per year over the last three years. KeyCorp has a payout ratio of 47.7% meaning its dividend is sufficiently covered by earnings. Analysts expect KeyCorp to earn $2.15 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 38.1%.

KeyCorp Price Performance

KEY opened at $23.55 on Thursday. The firm has a market capitalization of $25.41 billion, a PE ratio of 14.44, a price-to-earnings-growth ratio of 0.73 and a beta of 1.02. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.83 and a quick ratio of 0.83. The business’s 50-day moving average is $22.20 and its two-hundred day moving average is $21.49. KeyCorp has a 1 year low of $16.47 and a 1 year high of $23.72.

KeyCorp (NYSE:KEY) last released its quarterly earnings results on Thursday, April 16th. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. KeyCorp had a net margin of 17.03% and a return on equity of 10.80%. The business had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.93 billion. During the same period in the prior year, the firm posted $0.38 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis. Research analysts anticipate that KeyCorp will post 1.82 earnings per share for the current fiscal year.

About KeyCorp

KeyCorp is a bank holding company headquartered in Cleveland, Ohio, that operates through its primary banking subsidiary, KeyBank. It provides a broad range of banking and financial services to individual consumers, small businesses, middle-market companies and large corporations. KeyBank’s offerings span traditional deposit and lending products as well as more specialized financial solutions designed for commercial and institutional clients.

The company’s product and service mix includes retail banking products such as checking and savings accounts, consumer and residential mortgage lending, and auto financing.