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

Rhea-AI Summary

State Street Corporation (NYSE: STT) has declared a quarterly cash dividend on its non-cumulative perpetual preferred stock, totaling $1,475.00 for Series D, $949.94 for Series F, and $1,337.50 for Series G. Payment is set for March 15, 2022, to shareholders on record as of February 28, 2022. State Street manages $4.1 trillion in assets and oversees $43.7 trillion in assets under custody, strengthening its position as a leading financial services provider.

Positive

• Quarterly cash dividends announced: $1,475.00 for Series D, $949.94 for Series F, $1,337.50 for Series G.
• Dividend payment date of March 15, 2022, showing commitment to shareholder returns.
• Strong asset management with $4.1 trillion in assets under management.

Negative

• None.

BOSTON--(BUSINESS WIRE)-- State Street Corporation (NYSE: STT) today announced a quarterly 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, 2022 to the holders of record of the Series D preferred stock at the close of business on February 28, 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 $949.94 per share of Series F preferred stock (resulting in a distribution of approximately $9.4994 per depositary share) and is payable on March 15, 2022 to the holders of record of the Series F preferred stock at the close of business on February 28, 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 March 15, 2022 to the holders of record of the Series G preferred stock at the close of business on February 28, 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 $43.7 trillion in assets under custody and/or administration and $4.1 trillion* in assets under management as of December 31, 2021, State Street operates globally in more than 100 geographic markets and employs approximately 39,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

^{* Assets under management as of December 31, 2021 includes approximately $61 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/20220217005918/en/

Ilene Fiszel Bieler

+1 617-664-3477

Carolyn Cichon

+1 617-664-8672

Source: State Street Corporation

FAQ

What is the dividend amount for State Street Corporation's Series D preferred stock?

The dividend amount for Series D is $1,475.00 per share.

When will State Street Corporation pay its dividends?

Dividends will be paid on March 15, 2022.

What are the dividend amounts for Series F and Series G preferred stocks?

The dividend for Series F is $949.94, and for Series G, it is $1,337.50 per share.

What is the record date for State Street Corporation's dividend payment?

The record date for the dividend payment is February 28, 2022.