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) declared quarterly cash dividends for its non-cumulative perpetual preferred stock, effective September 15, 2021. The Series D dividend is $1,475.00 per share ($0.3687 per depositary share), Series F is $949.61 per share ($9.4961 per depositary share), and Series G is $1,337.50 per share ($0.3343 per depositary share). All dividends are payable to holders of record by August 31, 2021. With $40.3 trillion in assets under custody and $3.6 trillion under management, State Street is a leading financial services provider.

Positive

• Consistent dividend payments reaffirm investor confidence.
• High asset management figures ($3.6 trillion) indicate strong financial health.

Negative

• None.

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, 2021 to the holders of record of the Series D preferred stock at the close of business on August 31, 2021.
• 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 $949.61 per share of Series F preferred stock (resulting in a distribution of approximately $9.4961 per depositary share) and is payable on September 15, 2021 to the holders of record of the Series F preferred stock at the close of business on August 31, 2021.

• 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, 2021 to the holders of record of the Series G preferred stock at the close of business on August 31, 2021.

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 $40.3 trillion in assets under custody and/or administration and $3.6 trillion* in assets under management as of March 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 March 31, 2021 includes approximately $60 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/20210715006011/en/

FAQ

What is the dividend payment date for State Street preferred stock?

The dividend payment date for State Street preferred stock is September 15, 2021.

How much is the dividend for Series D preferred stock of State Street?

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

What are the dividend amounts for State Street's Series F and Series G preferred stock?

Series F has a dividend of $949.61 per share, while Series G has a dividend of $1,337.50 per share.

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

The record date for State Street's preferred stock dividends is August 31, 2021.

What financial services does State Street Corporation provide?

State Street Corporation provides investment servicing, investment management, and investment research and trading.