KeyCorp announced a cash dividend of $0.205 per share on its outstanding common shares for the third quarter of 2026. The dividend is payable on September 15, 2026, to holders of record as of the close of business on September 1, 2026. The declaration was made by the company's Board of Directors.

In addition to the common share dividend, KeyCorp declared dividends on six series of preferred stocks. All preferred dividends are payable on September 15, 2026, to holders of record as of the close of business on August 31, 2026, for the period from June 15, 2026, to September 15, 2026.

The Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series D, will receive a dividend of $312.50 per share, equivalent to $12.50 per depositary share. The Fixed-to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E, will receive $15.3125 per share, equivalent to $0.382813 per depositary share.

The Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F, will receive $14.1250 per share, equivalent to $0.353125 per depositary share. The Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G, will receive $14.0625 per share, equivalent to $0.351563 per depositary share.

The Fixed Rate Reset Perpetual Non-Cumulative Preferred Stock, Series H, will receive $15.50 per share, equivalent to $0.3875 per depositary share.

Dividend Details

KeyCorp is headquartered in Cleveland, Ohio, and provides financial services through KeyBank National Association. The company operates approximately 950 branches and 1,100 ATMs across 15 states.

Wells Fargo, Morgan Stanley, JP Morgan, and UBS have adjusted their price targets for KeyCorp, reflecting a revised valuation outlook for the financial services company listed on the NYSE under the ticker symbol KEY. Wells Fargo analyst Mike Mayo maintained an Overweight rating while raising the target to $27 from $24. Separately, Morgan Stanley analyst Manan Gosalia kept an Equal-Weight rating and increased the target to $25 from $24. JP Morgan analyst Vivek Juneja maintained a Neutral rating, raising the price target to $24.5 from $22.5. UBS analyst Erika Najarian maintained a Buy rating and raised the price target from $25 to $27.

The adjustments indicate improved expected upside potential across different risk-reward profiles assessed by the firms. Wells Fargo's Overweight rating and UBS's Buy rating suggest a positive outlook at the new price level, while Morgan Stanley's Equal-Weight and JP Morgan's Neutral ratings imply a more cautious stance.