State Street Corp.'s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D About To Put More Money In Your Pocket

On 8/28/20, State Street Corp.'s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D (Symbol: STT.PRD) will trade ex-dividend, for its quarterly dividend of $0.3687, payable on 9/15/20. As a percentage of STT.PRD's recent share price of $28.39, this dividend works out to approximately 1.30%, so look for shares of STT.PRD to trade 1.30% lower — all else being equal — when STT.PRD shares open for trading on 8/28/20. On an annualized basis, the current yield is approximately 5.19%, which compares to an average yield of 5.48% in the "Financial" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of STT.PRD shares, versus STT:

Below is a dividend history chart for STT.PRD, showing historical dividends prior to the most recent $0.3687 on State Street Corp.'s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D:

In Wednesday trading, State Street Corp.'s Fixed-to-Floating Rate Non-Cumulative Perpetual Preferred Stock, Series D (Symbol: STT.PRD) is currently off about 0.1% on the day, while the common shares (Symbol: STT) are down about 0.8%.

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