November 20, 2009 (FinancialWire) — KeyCorp’s (NYSE: KEY) Board has approved a regular cash dividend of $0.01 per share on its common shares, or $0.04 per share on an annualized basis. The dividend is payable December 15, 2009 to shareholders of record on December 1, 2009.

The board also approved a cash dividend of $1.9375 per share on the corporation’s outstanding 7.750% Non-Cumulative Perpetual convertible preferred stock, series A.

The dividend is payable December 15, 2009 to holders of record on November 30, 2009, for the dividend period commencing on September 15, 2009.

Cleveland-based KeyCorp a bank-based financial services firm with posted assets of approximately $97 billion.

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