State Street (STT) will raise its quarterly dividend by 11.9 percent to $0.47 per share in 2018. This marks the 8th consecutive year of dividend increases by the financial holding company.
The next dividend is payable on Monday, October 15, 2018 to common shareholders of record at the close of business on Monday, October 1, 2018. STT currently has a dividend yield of 2.2% based on a stock price of $87.02.
State Street Corporation is a financial holding company. The Company, through its subsidiary, State Street Bank and Trust Company (State Street Bank), provides a range of financial products and services to institutional investors. Its clients include mutual funds, collective investment funds and other investment pools, corporate and public retirement plans, insurance companies, foundations, endowments and investment managers.