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 announced a 10% increase in its quarterly cash dividend to $0.76 per share of common stock, payable on October 11, 2024. The company also declared dividends on its non-cumulative perpetual preferred stock series G, H, and I. For Series G, the dividend is $1,337.50 per share (approximately $0.334375 per depositary share). Series H will receive $2,036.16 per share ($20.361600 per depositary share), while Series I will get $1,675.00 per share ($16.750000 per depositary share). All preferred stock dividends are payable on September 16, 2024, to holders of record as of September 3, 2024.

Positive

• 10% increase in quarterly common stock dividend to $0.76 per share
• Consistent dividend payments across multiple preferred stock series

Negative

• None.

BOSTON--(BUSINESS WIRE)-- State Street Corporation (NYSE: STT) today announced a quarterly cash dividend of $0.76 per share of common stock, payable on October 11, 2024 to common shareholders of record at the close of business on October 1, 2024. The dividend represents a 10% per share increase from the second quarter 2024 dividend of $0.69 per share.

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 September 16, 2024 to the holders of record of the Series G preferred stock at the close of business on September 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 $2,036.16 per share of Series H preferred stock (resulting in a distribution of approximately $20.361600 per depositary share) and is payable on September 16, 2024 to the holders of record of the Series H preferred stock at the close of business on September 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 $1,675.00 per share of Series I preferred stock (resulting in a distribution of approximately $16.750000 per depositary share) and is payable on September 16, 2024 to the holders of record of the Series I preferred stock at the close of business on September 3, 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 $44.3 trillion in assets under custody and/or administration and $4.4 trillion* in assets under management as of June 30, 2024, State Street operates globally in more than 100 geographic markets and employs approximately 53,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

*Assets under management as of June 30, 2024 includes approximately $69 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/20240718690947/en/

Media:

Carolyn Cichon

+1 617 664 8672

Investor:

Elizabeth Lynn

+1 617 664 3477

Source: State Street Corporation

FAQ

What is State Street's (STT) new quarterly dividend for common stock?

State Street (STT) has increased its quarterly cash dividend to $0.76 per share of common stock, representing a 10% increase from the previous quarter's dividend of $0.69 per share.

When will State Street (STT) pay its common stock dividend?

State Street (STT) will pay its common stock dividend on October 11, 2024, to shareholders of record at the close of business on October 1, 2024.

What are the dividend amounts for State Street's (STT) preferred stock series?

State Street (STT) declared dividends of $1,337.50 per share for Series G, $2,036.16 per share for Series H, and $1,675.00 per share for Series I preferred stocks.

When will State Street (STT) pay its preferred stock dividends?

State Street (STT) will pay its preferred stock dividends on September 16, 2024, to holders of record as of September 3, 2024.