State Street Corporation (STT) will raise its quarterly dividend by 10.6 percent to $0.52 per share in 2019. This marks the 9th consecutive year of dividend increases by the financial holding company.
The next dividend is payable on October 15, 2019 to common shareholders of record at the close of business on October 1, 2019. A new annual rate of $2.08 per share yields 3.5% at a stock price of $60.
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.