KeyCorp Declares $0.205 Q2 Dividend and Approves $3B Buyback Plan
KEY•KeyCorp’s board declared a Q2 cash dividend of $0.205 per common share payable June 15 to holders of record June 2, plus preferred dividends from $14.0625 to $312.50 per share across five series for March 15–June 15. It also authorized a $3.0 billion share repurchase plan replacing the prior $1.0 billion authorization.
1. Dividend Declarations
KeyCorp’s board declared a quarterly cash dividend of $0.205 per common share payable June 15 to shareholders of record June 2. It also approved dividends for Series D through H preferred stock ranging from $312.50 to $14.0625 per share for the March 15 to June 15 period.
2. Share Repurchase Program
The board authorized a new $3.0 billion share repurchase program, replacing the previous $1.0 billion authorization which had approximately $280 million remaining. Repurchases may occur via open-market purchases, privately negotiated transactions or Rule 10b5-1 plans, with timing and volume dependent on market conditions, stock price and regulatory requirements.
