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

Rhea-AI Summary

State Street (NYSE: STT) has declared cash dividends on three series of non-cumulative perpetual preferred stock. Series G will pay $1,337.50 per share ($0.334375 per depositary share), Series I will distribute $1,675.00 per share ($16.750000 per depositary share), and Series J will pay $2,642.78 per share ($26.427800 per depositary share). All dividends are payable on December 16, 2024, to stockholders of record as of December 2, 2024. The Series J dividend covers the period from July 24, 2024, to December 15, 2024.

Positive

• Consistent dividend payments demonstrating financial stability
• Maintaining preferred stock dividend commitments across multiple series

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 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 December 16, 2024 to the holders of record of the Series G preferred stock at the close of business on December 2, 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 December 16, 2024 to the holders of record of the Series I preferred stock at the close of business on December 2, 2024.
  
  
• Series J (represented by depositary shares, each representing a 1/100th interest in a share of Series J preferred stock). The cash dividend is in the amount of $2,642.78 per share of Series J preferred stock (resulting in a distribution of approximately $26.427800 per depositary share) and is payable on December 16, 2024 to the holders of record of the Series J preferred stock at the close of business on December 2, 2024. This dividend payment is in respect to the dividend period from, and including, July 24, 2024, to, but excluding, December 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 $46.8 trillion in assets under custody and/or administration and $4.7 trillion* in assets under management as of September 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 September 30, 2024 includes approximately $83 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/20241108640249/en/

Media Contact:

Carolyn Cichon

+1 617 664 8672



Investor Contact:

Elizabeth Lynn

+1 617 664 3477

Source: State Street Corporation

FAQ

When will State Street (STT) pay its Series G, I, and J preferred stock dividends?

State Street will pay dividends for all three preferred stock series on December 16, 2024, to stockholders of record as of December 2, 2024.

How much is State Street's (STT) Series G preferred stock dividend per depositary share?

State Street's Series G preferred stock dividend is approximately $0.334375 per depositary share.

What is the dividend amount for State Street's (STT) Series I preferred stock?

State Street's Series I preferred stock dividend is $1,675.00 per share, or approximately $16.750000 per depositary share.

What period does State Street's (STT) Series J preferred dividend cover?

The Series J preferred dividend covers the period from July 24, 2024, to December 15, 2024.