Credit: Shutterstock photoOn 11/25/15, 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 12/15/15. As a percentage of STT.PRC's recent share price of $25.85, this dividend works out to approximately 1.27%, so look for shares of STT.PRC to trade 1.27% lower - all else being equal - when STT.PRC shares open for trading on 11/25/15. On an annualized basis, the current yield is approximately 5.09%, which compares to an average yield of 5.72% 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:
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:
According to the ETF Finder at ETF Channel, State Street Corp. (Symbol: STT) makes up 2.47% of the SPDR S&P Capital Markets ETF ( KCE ) which is trading higher by about 0.6% on the day Monday.
In Monday trading, State Street Corp.'s Non-Cumulative Perpetual Preferred Stock, Series C (Symbol: STT.PRC) is currently up about 0.1% on the day, while the common shares (Symbol: STT) are up about 0.2%.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
