Keycorp
Keycorp (KYC) offers secure electronic commerce point-of-service solutions. Its business operations mainly comprise the development, sale and support of front-end products and services that facilitate electronic bank and retail transactions. These include smartcard enabled EFTPOS terminals, bank branch equipment, internet payment gateways, network carriage and smartcard softwares and applications. KYC through its payment solutions division is engaged in the development of electronic payment terminals and their supply under managed payment service agreements (MPSAs).
Study the old dividends for Keycorp. Dividends are payments made by a corporation to its shareholder members. It is the portion of corporate profits paid out to stockholders. If Keycorp Limited has declared a dividend, you may be eligible to receive KYC dividends if the share trader the company's stock on the ex-dividend date. Investors must have purchase the shares before the ex dividend date to be entitled to the dividend declared by the company. If you buy the stocks on or after the ex dividend date, the previous owner of the shares will receive the dividend.
Eftpos and point-of-sales services company, Keycorp (ASX:KYC), has been offered a takeover bid by private equity group, Archer Capital. The group has offered 58 cents a share for Keycorp, valuing the company at $47 million. Keycorp's directors have recommended shareholders of KYC to vote in favour of the takeover bid in the absence of a superior offer.
Keycorp (KYC) was the worst performing company of the week (Week 47 of 2006) on the Australian sharemarket. (Loser of the week) The company share price fell 15 percent on the week after their AGM.
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