KeyCorp Declares Quarterly Dividend of $0.21 (NYSE:KEY)

KeyCorp (NYSE:KEY) announced a quarterly dividend on Thursday, January 15th. Stockholders of record on Tuesday, March 3rd will be paid a dividend of 0.205 per share by the financial services provider on Friday, March 13th. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Tuesday, March 3rd.

KeyCorp has raised its dividend by an average of 0.0%per year over the last three years. KeyCorp has a dividend payout ratio of 47.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect KeyCorp to earn $1.73 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 47.4%.

KeyCorp Stock Performance

Shares of KEY opened at $21.21 on Friday. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.62. The firm has a market cap of $23.18 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 0.51 and a beta of 1.09. KeyCorp has a 52-week low of $12.73 and a 52-week high of $21.75. The business’s 50 day moving average is $19.70 and its two-hundred day moving average is $18.78.

KeyCorp (NYSE:KEY) last announced its quarterly earnings results on Thursday, October 16th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.38 by $0.03. The business had revenue of $1.90 billion for the quarter, compared to the consensus estimate of $1.87 billion. KeyCorp had a return on equity of 10.14% and a net margin of 10.08%.The business’s revenue was up 172.7% on a year-over-year basis. During the same quarter last year, the business posted ($0.47) EPS. Analysts forecast that KeyCorp will post 1.5 EPS 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.