State Street Corp.'s Non-Cumulative Perpetual Preferred Stock, Series C Ex-Dividend Reminder - 2/26/14

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On 2/26/14, State Street Corp.'s Non-Cumulative Perpetual Preferred Stock, Series C (Symbol: STT.PRC) will trade ex-dividend, for its quarterly dividend of $0.3281, payable on 3/18/14. As a percentage of STT.PRC's recent share price of $22.59, this dividend works out to approximately 1.45%, so look for shares of STT.PRC to trade 1.45% lower - all else being equal - when STT.PRC shares open for trading on 2/26/14. On an annualized basis, the current yield is approximately 5.78%, which compares to an average yield of 5.76% in the "Financial" preferred stock category, according to Preferred Stock Channel . The chart below shows the one year performance of STT.PRC shares, versus STT:

Performance Comparison Chart


Below is a dividend history chart for STT.PRC, showing historical dividends prior to the most recent $0.3281 on State Street Corp.'s Non-Cumulative Perpetual Preferred Stock, Series C:

STT.PRC+Dividend+History+Chart

According to the ETF Finder at ETF Channel, State Street Corp. (Symbol: STT) makes up 8.06% of the KBW Capital Markets Portfolio ETF ( KBWC ) which is trading relatively unchanged on the day Monday.

In Monday trading, State Street Corp.'s Non-Cumulative Perpetual Preferred Stock, Series C (Symbol: STT.PRC) is currently off about 0.5% on the day, while the common shares (Symbol: STT) are up about 1.3%.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Investing Ideas

Referenced Stocks: KBWC , STT.PRC , STT

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