On 5/26/16, State Street Corp.'s Non-Cumulative Perpetual Preferred Stock, Series E (Symbol: STT.PRE) will trade ex-dividend, for its quarterly dividend of $0.375, payable on 6/15/16. As a percentage of STT.PRE's recent share price of $27.62, this dividend works out to approximately 1.36%, so look for shares of STT.PRE to trade 1.36% lower - all else being equal - when STT.PRE shares open for trading on 5/26/16. On an annualized basis, the current yield is approximately 5.46%. The chart below shows the one year performance of STT.PRE shares, versus STT:
Below is a dividend history chart for STT.PRE, showing historical dividends prior to the most recent $0.375 on State Street Corp.'s Non-Cumulative Perpetual Preferred Stock, Series E:
According to the ETF Finder at ETF Channel, State Street Corp. (Symbol: STT) makes up 4.98% of the Morningstar Wide Moat ETF ( MOAT ) which is trading relatively unchanged on the day Tuesday.
In Tuesday trading, State Street Corp.'s Non-Cumulative Perpetual Preferred Stock, Series E (Symbol: STT.PRE) is currently up about 0.4% on the day, while the common shares (Symbol: STT) are trading flat.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.