KeyCorp (KEY) hikes its quarterly dividend 10% to $0.055/share and reiterates the Fed's approval...

|About: KeyCorp (KEY)|By:, SA News Editor

KeyCorp (KEY) hikes its quarterly dividend 10% to $0.055/share and reiterates the Fed's approval of a buyback of up to $426M of stock. The bank also receives no objection from a request to use the after-tax proceeds from the Victory Capital sale (about $120M) for additional repurchases. (PR)