CLEVELAND-- KeyCorp said Thursday that its board approved a 10 percent increase to the bank's dividend, raising it to 5.5 cents. The parent of KeyBank, which is based in Cleveland, last raised its dividend a year ago. The dividend will be paid on June 14 to shareholders as of May 28.
*Q1 earnings per share C $0.30. *Says distributable cash flow was $83.3 million in first. be between $400 million and $450 million.
*BB&T Corp: Susquehanna raises target price to $31 from $30; rating neutral* First Horizon National Corp: Susquehanna raises target price to $10 from $9; rating neutral* Zions Bancorporation: Susquehanna raises target price to $22 from $21; rating neutral* Keycorp: Susquehanna raises target price to $10 from $9.50; rating neutral* Wells Fargo& Co: Susquehanna raises target price to $45 from $40; rating positive* U.S. Bancorp: Susquehanna cuts target price to $39 from $40; rating positive* PNC: Susquehanna raises price target to $79 from $72; rating positive.