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 announced a quarterly cash dividend on its non-cumulative perpetual preferred stock series. The dividends are as follows:

• Series D: $1,475.00 per share ($0.3687 per depositary share), payable on September 15, 2022, to holders of record by August 31, 2022.
• Series F: $1,386.61 per share ($13.8661 per depositary share), payable on September 15, 2022.
• Series G: $1,337.50 per share ($0.3343 per depositary share), payable on September 15, 2022.

Positive

• The announcement of significant cash dividends which may attract income-focused investors.
• State Street manages $3.5 trillion in assets, indicating strong financial stability.

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 September 15, 2022 to the holders of record of the Series D preferred stock at the close of business on August 31, 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 $1,386.61 per share of Series F preferred stock (resulting in a distribution of approximately $13.8661 per depositary share) and is payable on September 15, 2022 to the holders of record of the Series F preferred stock at the close of business on August 31, 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 September 15, 2022 to the holders of record of the Series G preferred stock at the close of business on August 31, 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 $38.2 trillion in assets under custody and/or administration and $3.5 trillion* in assets under management as of June 30, 2022, State Street operates globally in more than 100 geographic markets and employs approximately 40,000 worldwide. For more information, visit State Street's website at www.statestreet.com.

^{* Assets under management as of June 30, 2022 includes approximately $66 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/20220721006042/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 Series D preferred stock of State Street Corporation?

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

When will the dividends for State Street Corporation's preferred stock be distributed?

The dividends will be payable on September 15, 2022.

What is the record date for the dividends of State Street Corporation?

The record date for the dividends is August 31, 2022.

What is the dividend amount for Series F preferred stock of State Street Corporation?

The dividend amount for Series F is $1,386.61 per share.

What is the dividend amount for Series G preferred stock of State Street Corporation?

The dividend amount for Series G is $1,337.50 per share.