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5 Banks Set to Pay Investors From Jefferies

5. KeyCorp

Shares of KeyCorp of Cleveland closed at $7.62 Tuesday, down 1% year-to-date, following a 12% decline in 2011.

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Based on a quarterly payout of three cents, the shares have a current dividend yield of 1.51%.

Usdin estimates that KeyCorp will earn 70 cents a share during 2012, and raise its quarterly dividend by a penny to four cents, following the Federal Reserve's announcement, for a dividend payout ratio of 21% and an estimated dividend yield of 2.1%.

The analyst also forecasts that KeyCorp will repurchase 21 million common shares during 2012, for $168 million, for a combined dividend and repurchase payout ratio of 47%.

Usdin's price target for KeyCorp is $8.00.

The shares trade for just 0.9 times tangible book value, according to HighlineFI, and for 10 times the consensus 2012 earnings estimate of 77 cents a share. The consensus 2013 EPS estimate is 81 cents.

Interested in more on KeyCorp? See TheStreet Ratings' report card for this stock.

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