A bit more information would help with advice. A picture of the keel stub seam would help. When our stub joint developed a crack and was leaking, this is what I did:
1. Lifted boat off of keel.
2. Cleaned and faired keel stub and prepped for new joint.
3. Applied 3M 5200 to the joint as recommended by the yard for below the waterline.
4. Placed boat back on the keel and torqued the keel bolts.
5. Applied two coats hard bottom paint, followed by two coats ablative.
6. Splashed.
That was in 2004 and have had no new cracks, leakage, etc., since after thousands of cruising miles. Some will apply sealant to the crack surface, but that is a temporary fix, IMHO.