Dividend Achievers List Ranked By Yield: Top 10

6. KeyCorp (NYSE:KEY)

Dividend Yield as of December 19: 4.93%

KeyCorp (NYSE:KEY) is an American retail banking company that provides financial services to retail, small businesses, and other clients. In the third quarter of 2022, the company’s revenue of $1.89 billion saw a 4% growth from the same period last year. Its total earnings assets at the end of September came in at $172.6 billion, up from $168.5 billion in June.

On November 17, KeyCorp (NYSE:KEY) declared a 5.1% hike in its quarterly dividend to $0.205 per share. This was the company’s 12th consecutive year of dividend growth, which makes it one of the best dividend stocks on our list. The stock has a dividend yield of 4.93%, as of December 19.

Morgan Stanley assumed its coverage of KeyCorp (NYSE:KEY) with an Equal Weight rating and a $22 price target, appreciating the company’s performance in the rising interest rate environment.

As per Insider Monkey’s Q3 2022 database, 33 hedge funds owned stakes in KeyCorp (NYSE:KEY), down from 37 in the previous quarter. These stakes are collectively worth over $454.3 million. With 6.3 million shares, Adage Capital Management was the company’s largest stakeholder in Q3.