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| KeyCorp's Preferred Stock, Series F Yield Pushes Past 5.5%By Preferred Stock Channel Staff, Thursday, January 27, 2:36 PM ET
In trading on Thursday, shares of KeyCorp's 5.650% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F (NYSE:KEY.PRJ) were yielding above the 5.5% mark based on its quarterly dividend (annualized to $1.4125), with shares changing hands as low as $25.51 on the day. This compares to an average yield of 5.35% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, KEY.PRJ was trading at a 4.80% premium to its liquidation preference amount, versus the average premium of 4.23% 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.PRJ shares, versus KEY:
Below is a dividend history chart for KEY.PRJ, showing historical dividend payments on KeyCorp's 5.650% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F :
Free Report: Top 7%+ Dividends (paid monthly) In Thursday trading, KeyCorp's 5.650% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series F (NYSE:KEY.PRJ) is currently down about 2.3% on the day, while the common shares (NYSE:KEY) are down about 1.5%.
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