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State Street Corp  (STT)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 


 
 STT $72.4900 $-0.0100 -0.01%

 Volume (M): 166   Open : 71.05    52 Wk Avg :  71.53

 
 STT $72.4900 $-0.0100 -0.01%

 Volume (M): 166   Open : 71.05    52 Wk Avg :  71.53




STT Today's High: $72.69 STT Shares One Week Perf: -0.03 %
STT Today's Low: $ 72.21 STT Shares 30 Day Performance: -0.74 %
Number of STT Shares Traded (M): 166 STT Share Price 52 Wk High: $ 81.37
Value of STT's Shares Traded (M$): $ 11,967 STT Share Price 52 Wk Avg: $71.53
Share Price at the Open: $71.05 STT's Share Price 52 Wk Low: $62.78



  News about State Street Corp's Stock Splits and Dividends

State Street Corporation announces quarterly cash dividend, shareholders await impact


Boston, MA - State Street Corporation (NYSE: STT) made a significant announcement today regarding a quarterly cash dividend of $0.69 per share of common stock. The dividend is set to be payable on April 11, 2024, to common shareholders of record as of April 1, 2024.
State Street Corporation is globally recognized for its financial services, catering to institutional investors through investment servicing, management, research, and trading. With a market cap of $41 billion, the corporation's latest dividend declaration has sparked curiosity among shareholders about the potential impact on their investments.

State Street Redeems $750 Million of Preferred Stock and Strengthens Shareholder Value with Series I Preferred Stock Issuance

State Street Announces Redemption of Preferred Stock and Implications for Shareholders
Boston, MA - State Street Corporation (NYSE: STT) made a significant announcement today regarding the redemption of its non-cumulative perpetual preferred stock, Series D (Series D Preferred Stock). The company plans to redeem all 7,500 outstanding shares, represented by 30,000,000 depositary shares, on March 15, 2024. The redemption price is set at $100,000 per share (equivalent to $25 per depositary share) and will be paid in cash. This move comes in the wake of the recent issuance of the company's Series I Preferred Stock, amounting to $1.5 billion.
The decision to redeem the Series D Preferred Stock is part of State Street's strategic efforts to optimize its capital structure and maximize shareholder value. By redeeming these shares, State Street intends to enhance the efficiency of its capital base, reducing costs and improving its overall financial health.

State Street Corporation Issues $1.5 Billion in Depositary Shares for Series I Preferred Stock



State Street Corporation (NYSE: STT) has recently announced its successful issuance of $1.5 billion in depositary shares, each representing a 1/100th ownership interest in a share of its 6.700% Fixed Rate Reset Non-Cumulative Perpetual Preferred Stock, Series I. The offering, which closed today, marks an important step in State Street's ongoing efforts to foster inclusivity and maintain its strong financial position. With this significant capital infusion, State Street aims to strengthen its core operations, invest in growth initiatives, and provide enhanced value to its shareholders.

State Street Corporation, a leading financial services provider and a global leader in investment servicing, has raised $1.5 billion through the issuance of depositary shares for its Series I Preferred Stock. The depositary shares offer investors a 1/100th ownership interest in a share of the preferred stock, which bears a fixed rate reset at 6.700% and carries a non-cumulative perpetual nature.
State Street strategically structured this offering in line with its commitment to inclusivity, showcasing an unwavering dedication to its stakeholders' interests and maintaining its strong financial standing. The depositary shares have been structured without par value per share and boast a liquidation preference of $100,000 per share. The successful completion of this offering reflects the market's confidence in State Street's long-term growth prospects and its ability to generate substantial returns.

State Street Corporation Declares Dividends on its Non-Cumulative Perpetual Preferred Stock Series D, F, G and H


State Street Corporation Declares Dividends on its Non-Cumulative Perpetual Preferred Stock Series D, F, G, and H
State Street Corporation (NYSE:STT) recently announced the declaration of cash dividends on its outstanding series of non-cumulative perpetual preferred stock. The dividends include Series D (represented by depositary shares) and amount to $1,475.00 per share of Series D preferred stock. Each depositary share represents a 1/4000th interest in a share of Series D preferred stock. This results in a distribution of approximately $0.368750 per depositary share. The dividend payment is scheduled to occur on March 15, 2024.
The news of the dividend declaration is significant for State Street Corporation and its shareholders. Dividends are a way for companies to distribute their earnings to shareholders and can positively impact stock performance. The declaration of dividends on preferred stock indicates the company's commitment to returning value to its investors.

State Street Corporation's Q4 Dividend Declaration Fuels Upward Swing in Stock Performance


Boston-based State Street Corporation (NYSE: STT), a prolific global entity that extends financial services to a gamut of institutional investors, created considerable investor interest by declaring a quarterly cash dividend on its common stock.
The leading financial services provider has announced a sizable cash dividend of $0.69 per share of common stock. This distributable profit is to be paid up on January 12, 2024, to the privileged common shareholders whose records were last closed on January 2, 2024.
State Street's announcement firmly positions it in the league of companies that continually reward investors with dividends, strengthening and solidifying investor trust and fidelity. Historically, dividend payouts carry a significant weight in an investor's decision-making process, and State Street is no exception to this rule.
The dividend declaration certainly gave its shares a favorable nudge. In the 30 days preceding the announcement, State Street Corporation shares leaped impressively by 14.23%, sustaining an upbeat trend. More recently, the past five trading days saw STT shares increase by an additional 4.66%.
Currently, the State Street Corp shares are above their 52-week average, outperforming it by 3.4% on the New York Stock Exchange (NYSE). Investors and market watchers alike perceive this as a favourable indication, with potential to influence their sentiment towards the stock, thereby fostering further positive movement.
The clear upward trend signifies investor's response to the company?s dividend announcement and related financial performance. It stands as testament to State Street Corporation's robust management and financial strategy, solidifying its standing within the financial sector.





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