State Street Corporation Declares Dividends on its Common Stock and Non-Cumulative Perpetual Preferred Stock Series “G,” “H,” and “I”

Rhea-AI Summary

State Street (NYSE: STT) has declared a quarterly cash dividend of $0.69 per share of common stock, payable on July 11, 2024, for shareholders of record as of July 1, 2024.

The also announced dividends on its non-cumulative perpetual preferred stock series. Series G will receive $1,337.50 per share, which equates to $0.334375 per depositary share, payable on June 18, 2024, for holders of record as of June 3, 2024.

Series H will receive $2,145.39 per share, or $21.453900 per depositary share, payable on June 18, 2024, for holders of record as of June 3, 2024.

Series I will receive $2,512.50 per share, or $25.125000 per depositary share, also payable on June 18, 2024, for holders of record as of June 3, 2024. These dividends cover the period from January 31, 2024, to June 15, 2024.

Positive

• Quarterly cash dividend of $0.69 per share of common stock reinforces shareholder value.
• Series G preferred stockholders to receive $1,337.50 per share or $0.334375 per depositary share.
• Series H preferred stockholders to receive $2,145.39 per share or $21.453900 per depositary share.
• Series I preferred stockholders to receive $2,512.50 per share or $25.125000 per depositary share.
• Clear dividend payment schedule provides stability and predictability for investors.

Negative

• No increase in dividend amounts compared to previous announcements.
• Dividend payments may indicate reinvestment opportunities within the company.

BOSTON--(BUSINESS WIRE)-- State Street Corporation (NYSE:STT) today announced a quarterly cash dividend of $0.69 per share of common stock, payable on July 11, 2024 to common shareholders of record at the close of business on July 1, 2024.

Additionally, State Street Corporation announced a cash dividend on each of the below outstanding series of non-cumulative perpetual preferred stock:

• 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 $0.334375 per depositary share) and is payable on June 18, 2024 to the holders of record of the Series G preferred stock at the close of business on June 3, 2024.

• Series H (represented by depositary shares, each representing a 1/100th interest in a share of Series H preferred stock). The cash dividend is in the amount of $2,145.39 per share of Series H preferred stock (resulting in a distribution of approximately $21.453900 per depositary share) and is payable on June 18, 2024 to the holders of record of the Series H preferred stock at the close of business on June 3, 2024.

• Series I (represented by depositary shares, each representing a 1/100th interest in a share of Series I preferred stock). The cash dividend is in the amount of $2,512.50 per share of Series I preferred stock (resulting in a distribution of approximately $25.125000 per depositary share) and is payable on June 18, 2024 to the holders of record of the Series I preferred stock at the close of business on June 3, 2024. This dividend payment is in respect to the dividend period from, and including, January 31, 2024, to, but excluding, June 15, 2024.

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 $43.9 trillion in assets under custody and/or administration and $4.3 trillion* in assets under management as of March 31, 2024, State Street operates globally in more than 100 geographic markets and employs approximately 46,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

*Assets under management as of March 31, 2024 includes approximately $66 billion of assets with respect to SPDR^® products for which State Street Global Advisors Funds Distributors, LLC (SSGA FD) acts solely as the marketing agent. SSGA FD and State Street Global Advisors are affiliated.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240515319605/en/

Media Contact:

Carolyn Cichon

+1 617 664 8672



Investor Contact:

Elizabeth Lynn

+1 617 664 3477

Source: State Street Corporation

FAQ

What is the dividend amount for State Street 's common stock?

State Street declared a quarterly cash dividend of $0.69 per share of common stock, payable on July 11, 2024.

When will the State Street common stock dividend be paid?

The dividend will be paid on July 11, 2024, to shareholders of record at the close of business on July 1, 2024.

How much is the dividend for State Street's Series G preferred stock?

The dividend for Series G preferred stock is $1,337.50 per share, or $0.334375 per depositary share, payable on June 18, 2024.

When will the Series G preferred stock dividend be paid?

The dividend for Series G preferred stock will be paid on June 18, 2024, to holders of record as of June 3, 2024.

What is the dividend amount for Series H preferred stock?

The dividend amount for Series H preferred stock is $2,145.39 per share, or $21.453900 per depositary share, payable on June 18, 2024.

When is the dividend payment for Series H preferred stock?

The dividend for Series H preferred stock will be paid on June 18, 2024, to holders of record as of June 3, 2024.

What is the dividend amount for Series I preferred stock?

The dividend for Series I preferred stock is $2,512.50 per share, or $25.125000 per depositary share, payable on June 18, 2024.

When will the Series I preferred stock dividend be paid?

The dividend for Series I preferred stock will be paid on June 18, 2024, to holders of record as of June 3, 2024.