State Street Corporation : Declares Quarterly Dividends on its Common Stock and Non-Cumulative Perpetual Preferred Stock Series “C,” “D,” “E,” “F,” and “G”
July 19, 2018 at 05:01 pm EDT
Share
State Street Corporation (NYSE:STT) today announced a quarterly cash
dividend of $0.47 per share of common stock, payable on Monday, October
15, 2018 to common shareholders of record at the close of business on
Monday, October 1, 2018. This dividend represents an increase of 12%
from the common stock dividend of $0.42 per share declared in the second
quarter of 2018.
Additionally, State Street Corporation announced a quarterly cash
dividend on each of the below outstanding series of non-cumulative
perpetual preferred stock:
Series C (represented by depositary shares, each representing a
1/4000th interest in a share of Series C preferred stock). The cash
dividend is in the amount of $1,312.50 per share of Series C preferred
stock (resulting in a distribution of approximately $0.3281 per
depositary share) and is payable on September 17, 2018 to the holders
of record of the Series C preferred stock at the close of business on
August 31, 2018.
Series D (represented by depositary shares, each representing a
1/4000th interest in a share of Series D preferred stock). The cash
dividend is in the amount of $1,475.00 per share of Series D preferred
stock (resulting in a distribution of approximately $0.3687 per
depositary share) and is payable on September 17, 2018 to the holders
of record of the Series D preferred stock at the close of business on
August 31, 2018.
Series E (represented by depositary shares, each representing a
1/4000th interest in a share of Series E preferred stock). The cash
dividend is in the amount of $1,500.00 per share of Series E preferred
stock (resulting in a distribution of approximately $0.3750 per
depositary share) and is payable on September 17, 2018 to the holders
of record of the Series E preferred stock at the close of business on
August 31, 2018.
Series F (represented by depositary shares, each representing a
1/100th interest in a share of Series F preferred stock). The cash
dividend is in the amount of $2,625.00 per share of Series F preferred
stock (resulting in a distribution of approximately $26.25 per
depositary share) and is payable on September 17, 2018 to the holders
of record of the Series F preferred stock at the close of business on
August 31, 2018.
Series G (represented by depositary shares, each representing a
1/4000th interest in a share of Series G preferred stock). The cash
dividend is in the amount of $1,337.50 per share of Series G preferred
stock (resulting in a distribution of approximately $0.3343 per
depositary share) and is payable on September 17, 2018 to the holders
of record of the Series G preferred stock at the close of business on
August 31, 2018.
About State Street Corporation State Street Corporation
(NYSE: STT) is the world's leading provider of financial services to
institutional investors including investment servicing, investment
management and investment research and trading. With $33.3 trillion in
assets under custody and administration and $2.7 trillion* in assets
under management as of March 31, 2018, State Street operates globally in
more than 100 geographic markets and employs over 37,000 worldwide. For
more information, visit State Street's website at www.statestreet.com.
* Assets under management include the assets of the SPDR® Gold ETF and
the SPDR® Long Dollar Gold Trust ETF (approximately $36 billion as of
March 31, 2018), for which State Street Global Advisors Funds
Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State
Street Global Advisors are affiliated.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180719005912/en/
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.
State Street Corporation : Declares Quarterly Dividends on its Common Stock and Non-Cumulative Perpetual Preferred Stock Series “C,” “D,” “E,” “F,” and “G”