On 5/29/14, State Street Corp.'s Non-Cumulative Perpetual Preferred Stock, Series C (STT.PRC) will trade ex-dividend, for its quarterly dividend of $0.3281, payable on 6/16/14. As a percentage of STT.PRC's recent share price of $23.26, this dividend works out to approximately 1.41%, so look for shares of STT.PRC to trade 1.41% lower — all else being equal — when STT.PRC shares open for trading on 5/29/14. On an annualized basis, the current yield is approximately 5.66%, which compares to an average yield of 5.67% in the "Financial" preferred stock category, according to Preferred Stock Channel.
State Street Corp.'s Non-Cumulative Perpetual Preferred Stock, Series C Goes Ex-Dividend Soon
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