KeyCorp (NYSE:KEY) is continuing to unlock shareholder payouts, declaring a set of dividends for its Q3. The payout for its common stock will be $0.055 per share, to be paid on September 13 to shareholders of record as of August 27. That amount matches the financial service firm's previous distribution; this was paid last month. Prior to that, KeyCorp handed out $0.05 per share.

The company also declared a disbursement of $1.9375 per share for its series A convertible preferred stock. This will be paid on September 16 to holders of record as of August 30.

The just-declared common stock dividend annualizes to $0.22 per share. That yields 1.9% at KeyCorp's most recent closing stock price of $11.79.

Fool contributor Eric Volkman has no position in KeyCorp. The Motley Fool owns shares of KeyCorp. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.