Published on 24 Nov 2021 on Simply Wall St. via Yahoo Finance

Why You Might Be Interested In KeyCorp (NYSE:KEY) For Its Upcoming Dividend

Readers hoping to buy KeyCorp (NYSE:KEY) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. In other words, investors can purchase KeyCorp's shares before the 29th of November in order to be eligible for the dividend, which will be paid on the 15th of December.

The company's upcoming dividend is US$0.20 a share, following on from the last 12 months, when the company distributed a total of US$0.78 per share to shareholders. Calculating the last year's worth of payments shows that KeyCorp has a trailing yield of 3.3% on the current share price of $23.97. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. As a result, readers should always check whether KeyCorp has been able to grow its dividends, or if the dividend might be cut.

Check out our latest analysis for KeyCorp