KeyCorp (NYSE:KEY) Plans $0.21 Quarterly Dividend

KeyCorp (NYSE:KEY) declared a quarterly dividend on Thursday, November 20th. Investors of record on Tuesday, December 2nd will be paid a dividend of 0.205 per share by the financial services provider on Monday, December 15th. This represents a c) dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Tuesday, December 2nd.

KeyCorp has raised its dividend payment by an average of 0.0%annually over the last three years. KeyCorp has a payout ratio of 47.7% indicating that its dividend is sufficiently covered by earnings. 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 stock opened at $17.27 on Friday. The stock has a market cap of $18.87 billion, a P/E ratio of 21.31, a P/E/G ratio of 0.52 and a beta of 1.18. The company has a fifty day moving average price of $17.99 and a two-hundred day moving average price of $17.63. KeyCorp has a one year low of $12.73 and a one year high of $20.04. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.83 and a quick ratio of 0.83.

KeyCorp (NYSE:KEY) last issued its earnings results on Thursday, October 16th. The financial services provider reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.38 by $0.03. The company had revenue of $1.90 billion for the quarter, compared to analysts’ expectations of $1.87 billion. KeyCorp had a net margin of 10.08% and a return on equity of 10.14%. KeyCorp’s quarterly revenue was up 172.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.47) EPS. As a group, equities analysts predict that KeyCorp will post 1.5 EPS for the current year.

About KeyCorp

KeyCorp operates as the holding company for KeyBank National Association that provides various retail and commercial banking products and services in the United States. It operates in two segments, Consumer Bank and Commercial Bank. The company offers various deposits, investment products and services; commercial leasing, investment management, consumer finance; and personal finance and financial wellness, student loan refinancing, mortgage and home equity, lending, credit card, treasury, business advisory, wealth management, asset management, cash management, portfolio management, and trust and related services to individuals and small and medium-sized businesses.