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KeyCorp's Preferred Stock, Series G Shares Cross 5% Yield Mark
Wednesday, November 18, 4:01 PM ET, by Market News Video Staff

In trading on Wednesday, shares of KeyCorp's 5.625% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series ...

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KeyCorp's Preferred Stock, Series G Shares Cross 5% Yield Mark

By Preferred Stock Channel Staff, Wednesday, November 18, 4:01 PM ET
Play Video: The Importance of Dividends


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In trading on Wednesday, shares of KeyCorp's 5.625% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (NYSE:KEY.PRK) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.4063), with shares changing hands as low as $28.11 on the day. This compares to an average yield of 5.41% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, KEY.PRK was trading at a 12.64% premium to its liquidation preference amount, versus the average premium of 7.24% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

The chart below shows the one year performance of KEY.PRK shares, versus KEY:

Performance Comparison Chart

Below is a dividend history chart for KEY.PRK, showing historical dividend payments on KeyCorp's 5.625% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G :


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In Wednesday trading, KeyCorp's 5.625% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (NYSE:KEY.PRK) is currently down about 0.2% on the day, while the common shares (NYSE:KEY) are off about 0.1%.


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