5 Dogs of the S&P 500

4. KeyCorp (NYSE:KEY)

Dividend Yield as of June 22: 8.33%

KeyCorp (NYSE:KEY) is an Ohio-based retail banking company that provides a wide range of financial services to its consumers. On May 11, the company announced a quarterly dividend of $0.205 per share, which was consistent with its previous dividend. It holds a 12-year streak of dividend growth. The stock has a dividend yield of 8.33%, which places it as one of the top dogs of the S&P 500.

In May, Odeon Capital upgraded KeyCorp (NYSE:KEY) to Buy with an $11 price target, presenting a positive outlook on the company this year.

At the end of March 2023, 34 hedge funds in Insider Monkey’s database owned investments in KeyCorp (NYSE:KEY), up from 33 in the preceding quarter. The stakes owned by these hedge funds have a collective value of $573.6 million.