KeyCorp (NYSE:KEY) Stock to Pay Quarterly Dividend of $0.20

KeyCorp (NYSE:KEY) announced a quarterly dividend on Thursday, November 12th. Stockholders of record on Tuesday, December 1st will be given a dividend of $0.2050 per share by the financial services provider on Tuesday, December 15th. This represents a $0.82 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Tuesday, December 1st.

KeyCorp has a dividend payout ratio of 47.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect KeyCorp to earn $2.16 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 38.0%.

KeyCorp Stock Performance

NYSE KEY opened at $21.33 on Friday. The company has a market cap of $22.53 billion, a P/E ratio of 11.72, a P/E/G ratio of 0.76 and a beta of 1.07. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.83 and a current ratio of 0.84. The business’s 50 day moving average price is $20.84 and its 200-day moving average price is $21.55. KeyCorp has a fifty-two week low of $16.91 and a fifty-two week high of $24.07.

KeyCorp (NYSE:KEY) last released its quarterly earnings results on Tuesday, October 20th. The financial services provider reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.05. The company had revenue of $2.05 billion for the quarter, compared to analyst estimates of $2.05 billion. KeyCorp had a return on equity of 12.06% and a net margin of 18.56%. KeyCorp’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. Sell-side analysts predict that KeyCorp will post 1.88 earnings per share for the current year.

About KeyCorp

KeyCorp is a bank holding company headquartered in Cleveland, Ohio, and the parent of KeyBank National Association. KeyBank traces its history to 1825 and serves consumers, businesses, and institutions through banking and financial services. The company’s offerings include consumer and small-business banking, commercial lending, treasury and payment services, investment banking, and wealth management. Its commercial and investment banking services are also available to clients beyond its retail branch footprint.