NEW YORK (

TheStreet

) --

KeyCorp

(KEY) - Get Report

announced a regular cash dividend of a penny per share on its common shares, or four cents per share on an annualized basis.

The dividend will be paid out to shareholders on December 15, 2010.

"I was not expecting a dividend increase," said Oppenheimer & Co. Terry McEvoy. "It just shows the difference between banks that have not repaid TARP and banks that have like

Comerica

(CMA) - Get Report

."

This week,

Comerica announced that it would increase the quarterly cash dividend for common stock to 10 cents per share.

--Written by Maria Woehr in New York.

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