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 a cash dividend on its preferred stocks, payable on December 15, 2022. The dividends include $1,475.00 per share for Series D, $1,741.53 for Series F, $1,337.50 for Series G, and $2,812.50 for Series H. Shareholders must be on record by November 30, 2022. As of September 30, 2022, State Street has $35.7 trillion in assets under custody and $3.3 trillion in assets under management, solidifying its status as a key player in financial services for institutional investors.

Positive

• Announced cash dividends for preferred stock series, enhancing income for shareholders.
• Strong asset base with $35.7 trillion under custody and $3.3 trillion under management indicates financial stability.

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 December 15, 2022 to the holders of record of the Series D preferred stock at the close of business on November 30, 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 $1,741.53 per share of Series F preferred stock (resulting in a distribution of approximately $17.4153 per depositary share) and is payable on December 15, 2022 to the holders of record of the Series F preferred stock at the close of business on November 30, 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 December 15, 2022 to the holders of record of the Series G preferred stock at the close of business on November 30, 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 December 15, 2022 to the holders of record of the Series H preferred stock at the close of business on November 30, 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 $35.7 trillion in assets under custody and/or administration and $3.3 trillion* in assets under management as of September 30, 2022, State Street operates globally in more than 100 geographic markets and employs approximately 41,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

^{* Assets under management as of September 30, 2022 includes approximately $55 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/20221020006007/en/

Ilene Fiszel Bieler

+1 617-664-3477

Carolyn Cichon

+1 617-664-8672

Source: State Street Corporation

FAQ

What are the dividend amounts for State Street preferred stock?

The dividends are $1,475.00 for Series D, $1,741.53 for Series F, $1,337.50 for Series G, and $2,812.50 for Series H.

When will State Street pay its preferred stock dividends?

The dividends will be paid on December 15, 2022.

What is the record date for State Street's preferred stock dividends?

The record date for the dividends is November 30, 2022.

How much does State Street manage in assets?

State Street has $3.3 trillion in assets under management as of September 30, 2022.