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

KeyCorp (NYSE:KEY) declared a quarterly dividend on Thursday, January 15th. Stockholders of record on Tuesday, March 3rd will be given 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 increased its dividend payment by an average of 0.0%annually over the last three years. KeyCorp has a payout ratio of 47.7% meaning its dividend is sufficiently covered by earnings. Equities research 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 current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $23.18 billion, a price-to-earnings ratio of 26.19, a PEG ratio of 0.51 and a beta of 1.09. The stock has a 50 day moving average of $19.70 and a 200 day moving average of $18.78. KeyCorp has a 12 month low of $12.73 and a 12 month high of $21.75.

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

KeyCorp Company Profile

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.