Markets

State Street Corp.'s Non-Cumulative Perpetual Preferred Stock, Series E Ex-Dividend Reminder

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Shutterstock photo

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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:

Performance Comparison Chart

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:

STT.PRE+Dividend+History+Chart

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.

Click here to learn which 25 S.A.F.E. dividend stocks 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 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.

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STT.PRE MOAT STT