KeyCorp
KeyCorp Announces Dividends and New Share Repurchase Program
Summary
KeyCorp announced that its Board of Directors declared a quarterly cash dividend of $0.205 per share on its common shares, payable on June 15, 2026, to holders of record as of June 2, 2026. Additionally, the company declared dividends on its various series of preferred stocks, payable on the same date to holders of record as of June 1, 2026. Furthermore, KeyCorp's Board authorized a new share repurchase program allowing the company to purchase up to $3.0 billion of its common shares. The new repurchase authorization replaces the existing $1.0 billion authorization, which had approximately $280 million remaining. The timing and price of repurchases will depend on various factors including market conditions and corporate liquidity requirements.
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About KeyCorp
KeyCorp is a major financial services company that offers a comprehensive range of banking services across the United States. As a regional bank holding company, it plays a significant role in personal, commercial, and investment banking through its subsidiary, KeyBank. KeyCorp provides individual consumers with services such as checking and savings accounts, mortgage options, personal loans, and credit cards. The company also supports businesses, from small enterprises to large corporate clients, with products including lending, cash management, and equipment leasing solutions. KeyCorp is headquartered in Cleveland, Ohio, and its operations extend across various sectors like healthcare, real estate, and industrial, making it an integral part of the financial market. Its strategic presence in both urban and rural regions helps bridge financial services to underbanked communities, contributing to economic development and growth.
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