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

Rhea-AI Summary

State Street Corporation (NYSE: STT) has announced cash dividends for its non-cumulative perpetual preferred stock. For Series D, a cash dividend of $1,475.00 per share is set, amounting to approximately $0.3687 per depositary share, payable on March 15, 2023. Series F will see a cash dividend of $2,091.50, reflecting about $20.9150 per depositary share, also payable on March 15, 2023. Lastly, Series G has a dividend of $1,337.50 per share, amounting to approximately $0.3343 per depositary share, payable on the same date. The record date for all series is February 28, 2023.

Positive

• Announcement of substantial cash dividends for three series of preferred stock.
• Dividend payment dates confirm the company's commitment to shareholder returns.

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 March 15, 2023 to the holders of record of the Series D preferred stock at the close of business on February 28, 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 $2,091.50 per share of Series F preferred stock (resulting in a distribution of approximately $20.9150 per depositary share) and is payable on March 15, 2023 to the holders of record of the Series F preferred stock at the close of business on February 28, 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 $0.3343 per depositary share) and is payable on March 15, 2023 to the holders of record of the Series G preferred stock at the close of business on February 28, 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 $36.7 trillion in assets under custody and/or administration and $3.5 trillion* in assets under management as of December 31, 2022. 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 December 31, 2022 includes approximately $59 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/20230214005849/en/

Media:

Carolyn Cichon +1 (617) 664-8672

Investor:

Ilene Fiszel Bieler

+1 (617) 664-3477

Source: State Street Corporation

FAQ

What is the cash dividend for Series D preferred stock of State Street (STT)?

The cash dividend for Series D preferred stock is $1,475.00 per share, or approximately $0.3687 per depositary share, payable on March 15, 2023.

When will State Street (STT) pay dividends for Series F preferred stock?

The dividends for Series F preferred stock will be paid on March 15, 2023, amounting to $2,091.50 per share.

How much is the dividend for Series G preferred stock of State Street (STT)?

The cash dividend for Series G preferred stock is $1,337.50 per share, translating to approximately $0.3343 per depositary share, payable on March 15, 2023.

What is the record date for the preferred stock dividends issued by State Street (STT)?

The record date for all preferred stock dividends is February 28, 2023.