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| KeyCorp's Preferred Stock, Series G Yield Pushes Past 6.5%By Preferred Stock Channel Staff, Monday, March 25, 2:35 PM ET
In trading on Monday, shares of KeyCorp's 5.625% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (NYSE:KEY.PRK) were yielding above the 6.5% mark based on its quarterly dividend (annualized to $1.4063), with shares changing hands as low as $21.56 on the day. This compares to an average yield of 6.62% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, KEY.PRK was trading at a 13.20% discount to its liquidation preference amount, versus the average discount of 8.72% 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:
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 :
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Monday trading, KeyCorp's 5.625% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (NYSE:KEY.PRK) is currently off about 0.3% on the day, while the common shares (NYSE:KEY) are up about 0.7%.
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