State Street As of July 26, 2022 ticker dps (an.) 2022 hike 2021 hike 2020 hike
STT $2.52 10.5% 9.6% 0.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Investment Services 3.8% 12 8.4% Quarter N/A
State Street hikes dividend by 9.6%

State Street Corporation (STT) will raise its quarterly dividend by 9.6 percent to 57 cents per share in 2021. This follows a 10.6 percent to $0.52 per share announced in 2019. This marks the 11th consecutive year of annual dividend increases by the financial holding company based on calendar years.

The next dividend is payable on October 12, 2021 to common shareholders of record at the close of business on October 1, 2021. A new annual rate of $2.28 per share yields 2.8% at a stock price of $82.

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.

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Ex-date Ticker Yield YTD hike
Aug 16 PCAR 1.6% 0.0%
Aug 16 ED 3.3% 1.9%
Aug 16 TGT 2.8% 20.0%
Aug 17 LH 1.2% 0.0%
Aug 17 CNP 2.4% 0.0%
Aug 17 MSFT 1.0% 0.0%
Aug 17 PSX 4.5% 5.4%
Aug 17 NLSN 1.0% 0.0%
Aug 18 WBA 4.9% 0.5%
Aug 18 SHW 0.9% 9.1%