KeyCorp Increases Regular Dividend

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  Published in Business and Finance on Friday, July 22nd 2011 at 18:20 GMT by Market Wire

KeyCorp Increases Regular Dividend -- CLEVELAND, July 22, 2011 /PRNewswire/ --

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CLEVELAND, July 22, 2011 /PRNewswire/ -- KeyCorp (NYSE: [ KEY ]) announced today that its Board of Directors had approved an increase in the company's quarterly dividend on its common shares for the third quarter, 2011.  

A regular cash dividend of $0.03 per share of its common shares, or $0.12 per share on an annualized basis was approved. The dividend is payable September 15, 2011 to shareholders of record on August 30, 2011.  

Also, the Board of Directors approved a cash dividend of $1.9375 per share of its Non-Cumulative Perpetual Convertible Preferred Stock, Series A.  The dividend is payable September 15, 2011 to shareholders of record on August 31, 2011.

"Our return to sustained profitability, disciplined capital and credit management, and favorable outlook have prompted this action," said Beth E. Mooney, KeyCorp Chairman and CEO. "This dividend increase is another step in our progress."

Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $89 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally.  For more information, visit [ https://www.key.com/ ].

SOURCE KeyCorp

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