KeyCorp (KEY) Cuts Qtr. Dividend 50% to $0.1875

July 18, 2008 2:20 PM EDT

KeyCorp (NYSE: KEY) today announced that its Board has declared a quarterly dividend of $0.1875 per common share, payable on September 15 to shareholders of record on September 2.

The dividend represents a 50% reduction from its dividend of $0.38 last quarter.

KeyCorp operates as the holding company for KeyBank National Association that provides various banking services to individual, corporate, and institutional clients in the United States.


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