KeyCorp announced it will redeem all 20 million depositary shares of its Series E preferred stock on December 15, 2026, totaling $500 million in liquidation preference. The redemption price includes the liquidation value plus accrued dividends, payable in cash. After redemption, the preferred stock will be delisted from the New York Stock Exchange and cease to exist. This move impacts investors holding these preferred shares and signals KeyCorp's capital management strategy.
As of Nov 14, 2026 04:41 WIB, KeyCorp's common stock trades at USD 21.53 on Pluang, showing a modest increase of 0.94% in one day. The company maintains a dividend yield of 3.84%, reflecting ongoing returns to shareholders despite the planned redemption of its Series E preferred stock. KeyCorp's market capitalization stands at $22.52 billion, indicating substantial investor interest in its equity as it manages its capital structure.
KeyCorp announced its Board of Directors has declared dividends for the fourth quarter of 2026. Common shareholders will receive a cash dividend of $0.205 per share payable on December 15, 2026. Preferred shareholders of various series will also rece...
Investing $195,000 in three bank stocks—U.S. Bancorp, KeyCorp, and Truist Financial—can generate about $7,479 in annual dividends, a 3.84% yield, compared to the 1.76% average return on 12-month CDs. These banks pay dividends from earnings, with payo...
