Key Announces $344M Common Stock Repurchase Program and Plans to Evaluate Dividend Increase and Other Capital Actions

KeyCorp

announced today that its Board of Directors has authorized a common stock repurchase program of up to $344 million and will evaluate an increase in the company's quarterly common stock dividend at its regular meeting in May. These actions were part of the Company's capital plan that was submitted to the Federal Reserve as part of the Comprehensive Capital Analysis and Review. The Federal Reserve has notified Key that it has no objections to the capital actions described in the plan.