#United States #KeyCorp #Cleveland #Cash Dividends #preferred stocks

KeyCorp's Quarterly Dividend and Share Buyback Announcement

On May 13, 2026, KeyCorp (NYSE: KEY) revealed significant financial moves that assert its ongoing commitment to shareholder returns. During a recent meeting, KeyCorp's Board of Directors declared cash dividends aimed at providing tangible returns to investors. The declaration includes a cash dividend of $0.205 per share for its common shares, which is scheduled to be paid out on June 15, 2026. This payment will benefit shareholders on record as of the close of business on June 2, 2026.

In addition to the common share dividend, KeyCorp announced dividends for its various fixed-to-floating rate perpetual non-cumulative preferred stocks. The specifics are as follows:

• - Series D: $312.50 per share (or $12.50 per depositary share), payable to those on record as of June 1, 2026.
• - Series E: $15.3125 per share (or $0.382813 per depositary share), similarly payable to record holders by June 1.
• - Series F: $14.1250 per share (or $0.353125 per depositary share), with the same payment terms.
• - Series G: $14.0625 per share (or $0.351563 per depositary share), also payable on June 15.
• - Series H: $15.50 per share (or $0.3875 per depositary share), with the same payment schedule.

These dividends are set for the period commencing March 15, 2026, and concluding just before the next dividend payment on June 15, 2026.

New Share Repurchase Program

KeyCorp's announcement also highlighted a robust new share repurchase program. The Board has authorized the company to buy back up to $3.0 billion of its common shares. This new buyback replaces the earlier authorization of $1 billion, which had about $280 million remaining. KeyCorp's management will determine the timing and manner of repurchases, which could include open market purchases or privately negotiated transactions.

Executive management views this program as an integral part of their strategy, enabling flexibility in terms of share repurchases based on market conditions, stock price, and corporate liquidity necessities. KeyCorp is committed to enhancing shareholder value through strategically planned stock buybacks alongside their consistent dividend payout structure.

About KeyCorp

Founded over two centuries ago in Albany, New York, KeyCorp is a formidable player in the banking and financial services sector. Headquartered in Cleveland, Ohio, the company boasts around $189 billion in assets as of March 31, 2026. KeyCorp serves individual and corporate customers through KeyBank National Association, which operates nearly 950 branches and 1,100 ATMs across 15 states. The company also provides extensive advisory and investment banking services through its KeyBanc Capital Markets division.

With a commitment to customer service and financial stability, KeyCorp is well-positioned to maintain its reputation as a leading financial institution in the United States. For further information, stakeholders can visit their website at KeyCorp's website.