If the Key Don't Fit: KeyCorp Further Reduced Dividend

KeyCorp, a bank, has slashed its dividend a second time after declaring comfort with the dividend level a month ago. It is now down to 6.25 cents a share from the prior cut at 18.75 and even more massive of a mark down from the 37.5 earlier in the year.

Some fixed income folks and mutual funds are going to be distributing less because of actions like this across the market. Banks, Shipping, and Real Estate have been some notable sectors doing heavy dividend cuts in this climate.

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