10 Safe Dividend Stocks with Yields Above 5%

7. KeyCorp (NYSE:KEY)

Dividend Yield as of April 20: 5.75%

KeyCorp (NYSE:KEY) ranks seventh on our list of the best dividend stocks with high yields. The American retail banking company offers a wide range of retail and commercial banking services to its consumers. The company recently announced its earnings for the first quarter of 2025 and posted revenue of $1.8 billion. The revenue showed a 16% growth on a YoY basis and also beat analysts’ estimates by $25.2 million. The company’s net interest income also grew by 4% YoY.

KeyCorp (NYSE:KEY)’s net interest margin rose by 17 basis points, reaching 2.58%. On an adjusted basis, pre-provision net revenue saw an increase of over $90 million compared to the previous quarter. Credit quality remained solid, with credit migration trends improving for the fifth quarter in a row.

Management attributed the strong financial performance to ongoing momentum with both existing clients and new prospects. Client deposits rose 4% year-over-year, accompanied by continued improvement in deposit betas. Meanwhile, commercial loan balances increased by $1.2 billion from year-end levels.

In addition to its strong performance this quarter, KeyCorp (NYSE:KEY) has also been a solid dividend payer. The company has been making regular dividend payments to shareholders since 1985. Currently, it pays a quarterly dividend of $0.205 per share for a dividend yield of 5.75%, as recorded on April 20.