CLEVELAND, Jan. 15 /PRNewswire-FirstCall/ -- KeyCorp (NYSE: KEY) announced today that its Board of Directors approved the following dividends for the first quarter, 2009:

-- A regular cash dividend of $0.0625 per share of its common shares, or $0.25 per share on an annualized basis. The dividend is payable Mar. 13, 2009 to shareholders of record on Mar. 3, 2009.

-- A cash dividend of $1.9375 per share of its Non-Cumulative Perpetual Convertible Preferred Stock, Series A. The dividend is payable Mar. 15, 2009 to shareholders of record on Feb. 27, 2009.

In addition, the Board of Directors has determined that the KeyCorp 2009 Annual Shareholders Meeting will be held at 8:30 a.m. on May 21 at The Forum Conference Center, 1375 East Ninth Street, Cleveland, Ohio.

Cleveland-based KeyCorp is one of the nation's largest bank-based financial services companies, with assets of approximately $101 billion. Key companies provide investment management, retail and commercial banking, consumer finance, and investment banking products and services to individuals and companies throughout the United States and, for certain businesses, internationally. For more information, visit https://www.key.com/.

SOURCE KeyCorp