This Stock Just Hiked Its Dividend; Is It a Buy?
Is there any better news for income investors than when one of their holdings raises its dividend? As a shareholder that recently benefited from regional bank KeyCorp's (NYSE: KEY) 5.4% lift in its quarterly dividend to $0.195 per share, perhaps I can answer this question.
I would argue that a pay increase is as good as it gets for a shareholder because it projects that management is confident in the future of their company. But is KeyCorp a stock that dividend investors should buy now? Let's look under the hood at the stock's fundamentals and valuation.
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Source Fool.com
