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
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts