KeyCorp (NYSE:KEY) Declares $0.19 Quarterly Dividend

KeyCorp (NYSE:KEY) announced a quarterly dividend on Thursday, November 21st, Fidelity reports. Stockholders of record on Tuesday, December 3rd will be paid a dividend of 0.185 per share by the financial services provider on Friday, December 13th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date is Monday, December 2nd.

KeyCorp stock opened at $19.39 on Friday. KeyCorp has a 1 year low of $13.65 and a 1 year high of $19.54. The firm has a 50 day moving average price of $18.56 and a 200 day moving average price of $17.50. The company has a market cap of $19.10 billion, a price-to-earnings ratio of 11.21, a PEG ratio of 2.63 and a beta of 1.29. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.89 and a current ratio of 0.91.

KeyCorp (NYSE:KEY) last released its earnings results on Thursday, October 17th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. KeyCorp had a net margin of 21.93% and a return on equity of 12.71%. The firm had revenue of $1.63 billion during the quarter, compared to the consensus estimate of $1.64 billion. During the same period in the previous year, the firm earned $0.45 earnings per share. KeyCorp’s revenue was up 1.7% compared to the same quarter last year. Sell-side analysts predict that KeyCorp will post 1.8 EPS for the current year.

A number of equities research analysts recently issued reports on KEY shares. Morgan Stanley lowered their target price on shares of KeyCorp from $21.00 to $20.50 and set an “overweight” rating for the company in a report on Thursday, October 3rd. Wedbush boosted their target price on shares of KeyCorp from $20.00 to $21.00 and gave the company a “neutral” rating in a report on Monday, November 11th. Credit Suisse Group upgraded shares of KeyCorp from an “average” rating to a “buy” rating and set a $40.00 target price for the company in a report on Wednesday, August 7th. ValuEngine downgraded shares of KeyCorp from a “hold” rating to a “sell” rating in a report on Wednesday, October 16th. Finally, Evercore ISI started coverage on shares of KeyCorp in a report on Wednesday, November 20th. They issued a “buy” rating and a $21.00 target price for the company. Three equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and eleven have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.48.

In other KeyCorp news, insider Amy G. Brady sold 10,806 shares of KeyCorp stock in a transaction that occurred on Wednesday, September 11th. The shares were sold at an average price of $18.02, for a total transaction of $194,724.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Amy G. Brady sold 15,756 shares of KeyCorp stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $19.27, for a total transaction of $303,618.12. Following the transaction, the insider now directly owns 95,432 shares in the company, valued at $1,838,974.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 673,027 shares of company stock worth $12,352,973. 0.08% of the stock is currently owned by corporate insiders.

KeyCorp Company Profile

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking services in the United States. The company's Key Community Bank segment offers various deposit and investment products, personal finance services, residential mortgages, home equity loans, credit cards, and installment loans.

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Dividend History for KeyCorp (NYSE:KEY)

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