KEY-K KeyCorp ADRs of 5.625% Perpetual Non-Cumulative Preferred Stock, Series G
Dividends on the Series G Preferred Stock, when, as and if declared by our board of directors or any duly authorized committee of the board of directors, will be payable from funds legally available therefor, on a non-cumulative basis. Dividends will accrue on the liquidation preference amount from the first date of issuance at a rate of 5.625% per annum, payable quarterly in arrears, on the 15th day of March, June, September, and December of each year, commencing on September 15, 2019 (each, a “dividend payment date”). If our board of directors or any duly authorized committee of the board has not declared a dividend on the Series G Preferred Stock before the dividend payment date for any dividend period, such dividend shall not be cumulative and shall not be payable for such dividend period, and we will have no obligation to pay dividends for such dividend period, whether or not dividends on the Series G Preferred Stock are declared for any future dividend period. The Series G Preferred Stock may be redeemed at our option, subject to prior Federal Reserve approval, in whole or in part, on September 15, 2024, or any dividend payment date thereafter, at a redemption price equal to $1,000 per share (equivalent to $25 per depositary share), plus any declared and unpaid dividends, without regard to any undeclared dividends. This security was issued by Keycorp, whose common stock symbol is KEY.
$20.90 +0.60 (2.96%)
As of 03/27/2023 13:16:55 EST IEX book CBOE book
Security Information
Category1: US Equity
Category2: Preferred stocks
Category3: Non-convertible
GICS sector: Financials
Industry: Banks-Regional
Index country: USA
Country of incorporation: USA
IPO date: 05/02/2019
Outstanding shares: 18,000,000
Average volume: 31,543
Market cap: $454,860,000
Current dividend yield: 5.56% calculation
Coupon rate: 5.625%
Cumulative: No
Liquidation value: $25.00
Callable after: 09/15/2024
Maturity date: n/a - perpetual
Prospectus: Read on SEC.gov
All SEC filings: SEC Edgar Online
Quarterly filings: 10-Q
Annual filings: 10-K
Sedol: BJHDLJ0