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

Rhea-AI Summary

State Street Corporation (STT) Announces Cash Dividend on Various Series of Non-Cumulative Perpetual Preferred Stock

Positive

• State Street Corporation announces cash dividends on multiple series of non-cumulative perpetual preferred stock, providing attractive returns to shareholders.
• The cash dividends are substantial, with amounts ranging from $0.334375 to $28.125000 per depositary share, appealing to income-focused investors.

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• 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 $0.368750 per depositary share) and is payable on December 15, 2023 to the holders of record of the Series D preferred stock at the close of business on November 30, 2023.
  
  
• 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 $2,342.75 per share of Series F preferred stock (resulting in a distribution of approximately $23.427500 per depositary share) and is payable on December 15, 2023 to the holders of record of the Series F preferred stock at the close of business on November 30, 2023.
  
  
• 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 15, 2023 to the holders of record of the Series G preferred stock at the close of business on November 30, 2023.
  
  
• 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 $28.125000 per depositary share) and is payable on December 15, 2023 to the holders of record of the Series H preferred stock at the close of business on November 30, 2023.
  

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 $40.0 trillion in assets under custody and/or administration and $3.7 trillion* in assets under management as of September 30, 2023, State Street operates globally in more than 100 geographic markets and employs approximately 42,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

*Assets under management as of September 30, 2023 includes approximately $58 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/20231110595002/en/

Investor Contact:

Ilene Fiszel Bieler

+1 617 664 3477

Media Contact:

Carolyn Cichon

+1 617 664 8672

Source: State Street Corporation

FAQ

What is the cash dividend announcement from State Street Corporation?

State Street Corporation has announced cash dividends on several series of non-cumulative perpetual preferred stock.

When is the cash dividend payable?

The cash dividend is payable on December 15, 2023, to the holders of record of the preferred stock at the close of business on November 30, 2023.

How much is the cash dividend per share of Series H preferred stock?

The cash dividend is $2,812.50 per share of Series H preferred stock, resulting in a distribution of approximately $28.125000 per depositary share.

What is the amount of the cash dividend for Series G preferred stock?

The cash dividend is $1,337.50 per share of Series G preferred stock, resulting in a distribution of approximately $0.334375 per depositary share.