State Street Corporation Declares First-Quarter Dividend on its Common Stock

Rhea-AI Summary

State Street Corporation (NYSE: STT) has declared a quarterly cash dividend of $0.63 per share of common stock. This dividend is payable on April 13, 2023, to shareholders recorded by the close of business on April 3, 2023. As of December 31, 2022, State Street managed $3.5 trillion in assets and had $36.7 trillion in assets under custody and administration, operating in over 100 markets globally with a workforce of approximately 42,000 employees.

Positive

• Quarterly cash dividend of $0.63 per share reflects strong financial health.
• Assets under management at $3.5 trillion indicate robust investment servicing capabilities.
• Global presence in over 100 markets supports diversified revenue streams.

Negative

• None.

BOSTON--(BUSINESS WIRE)-- State Street Corporation (NYSE: STT) today announced a quarterly cash dividend of $0.63 per share of common stock, payable on April 13, 2023 to common shareholders of record at the close of business on April 3, 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/20230214005845/en/

Media Contact:

Carolyn Cichon

+1 (617) 664-8672

Investor Contact:

Ilene Fiszel Bieler

+1 (617) 664-3477

Source: State Street Corporation

FAQ

What is the dividend amount for State Street Corporation (STT)?

State Street Corporation (STT) has announced a quarterly cash dividend of $0.63 per share.

When will the dividend be paid for STT?

The dividend will be paid on April 13, 2023, to shareholders of record on April 3, 2023.

What are the total assets under management for State Street Corporation?

As of December 31, 2022, State Street Corporation has $3.5 trillion in assets under management.

How many employees does State Street Corporation have?

State Street Corporation employs approximately 42,000 worldwide.