Preferreds Trading at the Largest Premiums

By Preferred Stock Channel Staff, updated Sun, March 7, 7:42 PM

This Slide: #1 of 25

#25. KeyCorp | Fixed -to-Floating Rate Perpetual Non-Cumulative Preferred Stock, Series E (NYSE:KEY.PRI) | 11.40% CURRENT PREMIUM

Premium to Liquidation Preference: 11.40%	Average Premium in Category: 3.90%
Current Annualized Yield: 5.50%
Days Since Last Ex-Div Date: 6 \| See Dividend History »	Categorization: Financial

KEY.PRI — Key Stats

Series:	E
Alternate symbology:	KEY-I, KEY-PI, KEYprI
Redeemable?:	Yes
Call Date:	12/15/2026
Perpetual?:	Yes
Cumulative?:	No
Shares Offered:	20,000,000
Liquidation Preference:	$25
Recent Market Price:	$28.43
Premium to Liquidation Preference: (More Preferreds Trading at a Premium »)	$3.43 (13.72%)
Annualized Dividend:	1.531252
Recent Ex-Date:	2/26/2021
Current Yield:	5.39%
Original Coupon:	6.125% shall be paid from the original issue date to, but excluding December 15, 2026 and dividends at the floating annual rate equal to three-month LIBOR, reset quarterly, plus 3.892%, shall be paid from, and including December 15, 2026.
Pay Period:	Quarterly
Pay Dates:	15-Mar, 15-Jun, 15-Sep, 15-Dec

About KeyCorp (KEY)

KeyCorp is a bank holding company. Through its principal subsidiary, KeyBank National Association and certain other subsidiaries, Co. has the following main business segments: Consumer Bank, which serves individuals and small businesses by providing a variety of deposit and investment products, personal finance and financial wellness services, lending, mortgage and home equity, student loan refinancing, credit card, treasury services, and business advisory services; and Commercial Bank, which is focused principally on serving the needs of middle market clients in the following industry sectors, including consumer, energy, healthcare, industrial, public sector, real estate, and technology.

Preferreds: KEY.PRG, KEY.PRI, KEY.PRJ, KEY.PRK

Open the KEY Information Page »

KEY — Key Stats (updated Friday, March 5, 10:20 AM)

Name:
KeyCorp
Website:
www.key.com
Sector:
Banking & Savings
Number of ETFs Holding KEY:
105 (see which ones)
Total Market Value Held by ETFs:
$3,497,544,374.6
Total Market Capitalization:
$19,996,000,000
% of Market Cap. Held by ETFs:
17.49%