State Street : Declares Dividend on Its Common Stock
September 15, 2016 at 04:58 pm EDT
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BOSTON--(BUSINESS WIRE)--State Street Corporation (NYSE:STT) today declared a cash dividend of $0.38 per share of common stock, payable October 17, 2016 to common shareholders of record as of October 3, 2016.
About State Street Corporation
State Street Corporation (NYSE: STT) is one of the world's leading providers of financial services to institutional investors, including investment servicing, investment management and investment research and trading. With $28 trillion in assets under custody and administration and US$2 trillion* in assets under management as of June 30, 2016, State Street operates in more than 100 geographic markets worldwide, including the US, Canada, Europe, the Middle East and Asia. For more information, visit State Street's website at www.statestreet.com.
* Assets under management include approximately $40 billion as of June 30, 2016, for which State Street Global Markets, LLC, an affiliate of SSGA, serves as the distribution agent.
State Street Corporation published this content on 15 September 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 15 September 2016 20:58:07 UTC.
Original documenthttp://newsroom.statestreet.com/press-release/state-street-corporation-declares-dividend-its-common-stock
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State Street Corporation is a financial holding company organized around 2 areas of activity:
- investment services (83.1% of net sales): services intended mainly to mutual funds, collective investment funds, corporate and public retirement plans, insurance companies and foundations. The group provides services including custody, daily pricing, record keeping and administration, shareholder services, foreign exchange, brokerage and other trading services, securities finance, loan and lease financing, investment manager and hedge fund manager operations outsourcing, performance, risk and compliance analytics;
- investment management (16.9%). State Street Corporation offers, primarily to institutional investors, investment management and investment research services for managing financial assets, including passive and active United States and non-United States equity and fixed-income.
The United States accounts for 55.1% of net sales.