KeyCorp (KEY:NYSE)

KeyCorp announced that its Board of Directors approved the following dividends for the fourth quarter 2009: A regular cash dividend of $0.01 per share on its common shares, or $0.04 per share on an annualized basis. The dividend is payable December 15, 2009 to shareholders of record on December 1, 2009. A cash dividend of $1.9375 per share on the corporation's outstanding 7.750% Non-Cumulative Perpetual Convertible Preferred Stock, Series A. The dividend is payable December 15, 2009 to holders of record on November 30, 2009, for the dividend period commencing on September 15, 2009.

KeyCorp reported consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company's loss from continuing operations attributable to the company was $381 million compared to income from continuing operations attributable to the company of $3 million a year ago. Net loss attributable to the company was $397 million compared to $36 million a year ago. Net loss attributable to the company's common share holders were $438 million or $0.52 per share compared to $48 million or $0.10 per share a year ago. Taxable-equivalent net interest income was $599 million compared to $684 million in the third quarter of 2008. Revenue from continuing operations was $981 million compared to $1,074 million a year ago. Book value at period end was $9.39 per share compared to $16.16 per share a year ago. Tangible book value at period end was $8.29 per share compared to $12.66 per share a year ago. Return on average total assets from continuing operations was negative to 1.62% compared to positive return of 0.01% a year ago. Return on average common equity from continuing operations was negative to 20.30% compared to positive return of 0.44% a year ago. Return on average total assets from consolidated operations was negative to 1.62% compared to positive return of 0.14% a year ago. Return on average common equity from consolidated operations was negative to 21.07% compared to 2.36% a year ago. For the nine months, the company's loss from continuing operations attributable to the company was $1,070 million compared to $801 million a year ago. Net loss attributable to the company was $1,111 million compared to $944 million a year ago. Net loss attributable to the company's common share holders were $1,364 million or $2.14 per share compared to $956 million or $2.19 per share a year ago. Loss from continuing operations attributable to the common share holders was $1,323 million or $2.07 per share compared to $813 million or $1.87 per share a year ago. Taxable-equivalent net interest income was $1,769 million compared to $1,238 million in the third quarter of 2008. Revenue was $3,335 million compared to $2,702 million a year ago. Return on average total assets from continuing operations was negative to 1.49% compared to 1.08% a year ago. Return on average common equity from continuing operations was negative to 21.31% compared to 13.03% a year ago. Return on average total assets from consolidated operations was negative to 1.48% compared to 1.22% a year ago. Return on average common equity from consolidated operations was negative to 22.03% compared to 158.32% a year ago.

KeyCorp reported earnings results for the third quarter ended September 30, 2009. For the quarter, the company has posted net loss from continuing operations attributable to key commons shareholders of $422 million of $0.50 per common share.