KeyCorp's Preferred Stock, Series G Shares Cross 6.5% Yield Mark

KeyCorp's 5.625% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (KEY.PRK) was yielding above 6.5% based on a quarterly dividend annualized to $1.4063. Shares traded as low as $21.59 on the day, reflecting the implied yield level for this preferred issue.

Analysis

KeyCorp's 5.625% Fixed Rate Perpetual Non-Cumulative Preferred Stock, Series G (KEY.PRK) was yielding above 6.5% based on a quarterly dividend annualized to $1.4063. Shares traded as low as $21.59 on the day, reflecting the implied yield level for this preferred issue.