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

Rhea-AI Summary

State Street Corporation (NYSE: STT) announced a quarterly cash dividend for several series of non-cumulative perpetual preferred stock, payable on December 15, 2020. The dividends are as follows: Series D will receive $1,475.00 per share (approx. $0.3687 per depositary share), Series F will receive $972.53 per share (approx. $9.7253 per depositary share), Series G will receive $1,337.50 per share (approx. $0.3343 per depositary share), and Series H will receive $2,812.50 per share (approx. $28.1250 per depositary share). Record date is November 30, 2020.

Positive

• A total of four preferred stock series announced dividends, indicating ongoing shareholder support.
• The annual dividends provide a consistent return to preferred shareholders.

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 December 15, 2020 to the holders of record of the Series D preferred stock at the close of business on November 30, 2020.
• 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 $972.53 per share of Series F preferred stock (resulting in a distribution of approximately $9.7253 per depositary share) and is payable on December 15, 2020 to the holders of record of the Series F preferred stock at the close of business on November 30, 2020.
• 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 December 15, 2020 to the holders of record of the Series G preferred stock at the close of business on November 30, 2020.
• Series H (represented by depositary shares, each representing 1/100^th interest in a share of Series H preferred stock). The cash dividend is in the amount of $2,812.50 per share of Series H preferred stock (resulting in a distribution of approximately $28.1250 per depositary share) and is payable on December 15, 2020 to the holders of record of the Series H preferred stock at the close of business on November 30, 2020.

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 $33.52 trillion in assets under custody and/or administration and $3.05 trillion* in assets under management as of June 30, 2020, 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 June 30, 2020 includes approximately $67 billion of assets with respect to which State Street Global Advisors Funds Distributors, LLC (SSGA FD) serves as marketing agent; SSGA FD and State Street Global Advisors are affiliated.