Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK (

TheStreet

) -- The ex-dividend date for

KeyCorp

(NYSE:

KEY

) is tomorrow, August 24, 2012. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $8.34 as of 10:05 a.m. ET, the dividend yield is 2.4%.

The average volume for KeyCorp has been 12.2 million shares per day over the past 30 days. KeyCorp has a market cap of $7.87 billion and is part of the

financial

sector and

banking

industry. Shares are up 8.3% year to date as of the close of trading on Wednesday.

KeyCorp operates as a holding company for KeyBank National Association that provides various banking services in the United States. The company has a P/E ratio of 9.3, below the average banking industry P/E ratio of 9.7 and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates KeyCorp as a

buy

. The company's strengths can be seen in multiple areas, such as its expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full

KeyCorp Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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