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KeyCorp has a long history of paying dividends, with a consistent payout ratio of around 30% since 2010. This means that for every dollar of earnings, KeyCorp has returned 30 cents to shareholders in the form of dividends.
The bank's dividend yield has been steadily increasing over the years, reaching a peak of 4.3% in 2019. This is a significant return for investors, especially considering the relatively stable nature of KeyCorp's dividend payments.
KeyCorp's dividend payout has been growing at a rate of 6-7% per year, outpacing the rate of inflation and providing a real return for investors. This growth is a testament to the bank's strong financial performance and commitment to returning value to shareholders.
Dividend Information
KeyCorp's dividend yield is 4.56%, which means that for every $100 invested in the company's stock, investors would receive $4.56 in dividends per year.
The company pays dividends on a quarterly basis, with the next payment planned on March 14, 2025.
KeyCorp's annual dividend is $0.82 per share, and the ex-dividend date is March 4, 2025, meaning buyers purchasing shares on or after that date will not be eligible to receive the next dividend payment.
Here's a quick snapshot of KeyCorp's dividend payment history:
- Dividend payment history: KEY has a history of paying dividends and has consistently increased its dividend payout for 1 year.
- Dividend payout ratio: Not available
History
Dividend payments per share for KeyCorp (KEY) have been relatively stable, averaging 0.00% over the past 12 months.
A closer look at the past 36 months shows that KeyCorp's dividend payments have grown by an average of 3.02% per share.
The company's dividend history over the past 60 months has seen an average growth rate of 2.92% per share.
Over the long term, KeyCorp's dividend payments have increased significantly, with an average growth rate of 12.61% per share over the past 120 months.
As you can see, KeyCorp's dividend history is a mixed bag, with periods of steady growth and stability.
Data
KeyCorp's dividend yield is 4.56%, which means that for every $100 invested in the company's stock, investors would receive $4.56 in dividends per year.
The company pays dividends on a quarterly basis, with the next payment planned for March 14, 2025.
KeyCorp's ex-dividend date is March 4, 2025, so buyers purchasing shares on or after that date will not be eligible to receive the next dividend payment.
The annual dividend is $0.82 per share, which is the total amount of dividends paid out to shareholders in a year.
Here are some key dividend metrics for KeyCorp:
KeyCorp has increased its dividends for 1 year, which is a positive sign of the company's financial stability and its ability to pay consistent dividends in the future.
Return
Return on investment is a crucial aspect to consider when evaluating a company's dividend potential.
KeyCorp (KEY) dividend payments per share have averaged 12.61% over the past 120 months, indicating a strong history of dividend growth.
To gauge the total return to shareholders, we can look at KeyCorp's shareholder yield, which measures the cash returned to shareholders through dividends, buybacks, and debt paydown.
KeyCorp's shareholder yield graph shows a breakdown of dividends, buybacks, and debt paydown, allowing investors to see how each component contributes to the overall shareholder yield.
A dividend payout ratio of 107.89% (as of the latest data) suggests that KeyCorp's dividend payments may be unsustainable in the long run.
Here's a summary of KeyCorp's dividend growth over the past few years:
Performance and Growth
Growth prospects for KeyCorp have been tough to come by in recent years, with estimated earnings only fractionally higher than in 2014.
The bank's growth has been hindered by declining loan balances and falling net interest income, as well as higher net charge-offs.
However, we expect 10% annual growth as the base of earnings for 2024 is low by historical standards, leading to a reversion to the mean.
This growth is not due to inherent business strength, but rather a rebound from extremely low levels.
Shareholder Yield Chart
KeyCorp has a history of paying dividends and has consistently increased its dividend payout for 1 year. This is a great sign for investors looking for a reliable source of income.
The bank has a 12-year dividend increase streak, having boosted its payout each year since the Great Recession. This demonstrates KeyCorp's commitment to rewarding its shareholders.
Here are some key points about KeyCorp's dividend payments:
- Consistently increased dividend payout for 1 year
- 12-year dividend increase streak since the Great Recession
KeyCorp's dividend yield is a strong selling point, making it an attractive income stock.
Growth Prospects
Growth for KeyCorp has been tough to come by in recent years, and indeed, estimated earnings for this year are only fractionally higher than what they were in 2014.
The company has managed to remain profitable, but hasn't seen significant growth despite a booming US economy and higher interest rates.
Looking forward, we see 10% annual growth as the base of earnings for 2024 is low by historical standards.
This growth estimate is due to a reversion to the mean, as the base of earnings is unusually low.
Management provided guidance for this year, and sees loan balances declining, resulting in falling net interest income.
Higher net charge-offs will also negatively impact earnings.
However, strong growth is expected from here, but it's not due to inherent business strength, but rather a rebound from extremely low levels.
Returns
Returns are a key aspect of a company's performance and growth, and KeyCorp is no exception. Shareholder yield is a metric that measures the total return to shareholders through dividends, buybacks, and debt paydown.
KeyCorp's shareholder yield graph includes indicators for dividends, buybacks, and debt paydown, providing a comprehensive view of the company's cash distribution to shareholders. This allows investors to see how each component contributes to the overall shareholder yield.
A high dividend yield can be very helpful to shore up income after retirement, with a $120,000 investment in stocks with an average dividend yield of 5% creating an average of $500 a month in dividends. KeyCorp has a very strong yield, making it an attractive income stock.
KeyCorp has a 12-year dividend increase streak, having boosted its payout each year since the Great Recession, and has grown its dividend by more than 12% annually for the past decade. This demonstrates the company's commitment to returning value to its shareholders.
The payout ratio for KeyCorp is 107.89%, which is a relatively high ratio, indicating that the company is distributing a significant portion of its earnings to shareholders.
Frequently Asked Questions
Is KEY dividend sustainable?
As of 2023, KeyCorp's dividend payout ratio is 0.92, indicating potential sustainability concerns. However, further review of the company's profitability and financials is recommended for a more accurate assessment.
What is the dividend for KeyCorp in 2024?
KeyCorp's Q4 2024 dividend is $0.205 per common share. This quarterly dividend was declared for 2024.
What are the KEY dividend dates?
Key dividend dates include the Declaration Date, Record Date, Ex-Dividend Date, and Payment Date, which mark important milestones in the dividend payment process
Sources
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