KeyCorp has been named as a Prime 25 dividend inventory, in accordance the newest Dividend Channel ”DividendRank” report. The report famous that among the many protection universe, KEY shares displayed each engaging valuation metrics and powerful profitability metrics. For instance, the latest KEY share value of $9.92 represents a price-to-book ratio of 0.8 and an annual dividend yield of 8.27% — by comparability, the common firm in Dividend Channel’s protection universe yields 4.2% and trades at a price-to-book ratio of two.5. The report additionally cited the sturdy quarterly dividend historical past at KeyCorp, and favorable long-term multi-year progress charges in key basic knowledge factors.
The report said, ”Dividend traders approaching investing from a price standpoint are typically most taken with researching the strongest most worthwhile corporations, that additionally occur to be buying and selling at a lovely valuation. That is what we purpose to seek out utilizing our proprietary DividendRank components, which ranks the protection universe based mostly upon our numerous standards for each profitability and valuation, to generate a listing of the highest most ‘fascinating’ shares, meant for traders as a supply of concepts that benefit additional analysis.”
The annualized dividend paid by KeyCorp is $0.82/share, at the moment paid in quarterly installments, and its most up-to-date dividend ex-date was on 08/28/2023. Beneath is a long-term dividend historical past chart for KEY, which the report harassed as being of key significance. Certainly, finding out an organization’s previous dividend historical past could be of excellent assist in judging whether or not the newest dividend is more likely to proceed.