State Street Corporation Declares Dividends on Its Non-Cumulative Perpetual Preferred Stock Series “D”, “F”, “G” and “H”

Rhea-AI Summary

State Street Corporation (NYSE: STT) announced cash dividends for its preferred stock series, payable on June 15, 2022. Series D will receive $1,475.00 per share ($0.3687 per depositary share), Series F will get $1,130.32 per share ($11.3032 per depositary share), Series G will receive $1,337.50 per share ($0.3343 per depositary share), and Series H will get $2,812.50 per share ($28.1250 per depositary share). The record date for all series is May 31, 2022. State Street manages approximately $4.0 trillion in assets as of March 31, 2022.

Positive

• Cash dividends announced for Series D, F, G, and H preferred stocks, enhancing shareholder income.
• State Street continues to demonstrate strong asset management capabilities with $4.0 trillion in assets under management.

Negative

• None.

BOSTON--(BUSINESS WIRE)-- State Street Corporation (NYSE:STT) today announced a cash dividend on each of the below outstanding series of non-cumulative perpetual preferred stock:

• 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 June 15, 2022 to the holders of record of the Series D preferred stock at the close of business on May 31, 2022.
• 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 $1,130.32 per share of Series F preferred stock (resulting in a distribution of approximately $11.3032 per depositary share) and is payable on June 15, 2022 to the holders of record of the Series F preferred stock at the close of business on May 31, 2022.
• 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 June 15, 2022 to the holders of record of the Series G preferred stock at the close of business on May 31, 2022.
• 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 $2,812.50 per share of Series H preferred stock (resulting in a distribution of approximately $28.1250 per depositary share) and is payable on June 15, 2022 to the holders of record of the Series H preferred stock at the close of business on May 31, 2022.

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 $41.7 trillion in assets under custody and/or administration and $4.0 trillion* in assets under management as of March 31, 2022, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

_{*Assets under management as of March 31, 2022 includes approximately $73 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/20220420006038/en/

Ilene Fiszel Bieler

+1 617-664-3477

Carolyn Cichon

+1 617-664-8672

Source: State Street Corporation

FAQ

What is the dividend amount for Series D preferred stock?

The dividend amount for Series D preferred stock is $1,475.00 per share, payable on June 15, 2022.

When will the dividends for State Street's preferred stock be paid?

The dividends for State Street's preferred stock will be paid on June 15, 2022, to holders of record as of May 31, 2022.

What is the dividend amount for Series H preferred stock?

The dividend amount for Series H preferred stock is $2,812.50 per share, resulting in about $28.1250 per depositary share.

How much does State Street manage in assets?

As of March 31, 2022, State Street manages approximately $4.0 trillion in assets.