State Street Corporation Declares Quarterly Dividends on its Non-Cumulative Perpetual Preferred Stock Series “D”, “F”, and “G”
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 16, 2020 to the holders of record of the Series D preferred stock at the close of business on March 2, 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 $2,625.00 per share of Series F preferred stock (resulting in a distribution of approximately $26.25 per depositary share) and is payable on March 16, 2020 to the holders of record of the Series F preferred stock at the close of business on March 2, 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 March 16, 2020 to the holders of record of the Series G preferred stock at the close of business on March 2, 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 $34.36 trillion in assets under custody and/or administration and $3.12 trillion* in assets under management as of December 31, 2019, 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, 2019 includes approximately $45 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.
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State Street Corp. Stock
We see a rather positive sentiment for State Street Corp. with 10 Buy predictions and 2 Sell predictions.
With a target price of 82 € there is a slightly positive potential of 6.9% for State Street Corp. compared to the current price of 76.71 €.