State Street Stock To Go Ex-dividend Tomorrow (STT) - TheStreet

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

NEW YORK (

TheStreet

) -- The ex-dividend date for

State Street

(NYSE:

STT

) is tomorrow, September 27, 2012. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $42 as of 10:05 a.m. ET, the dividend yield is 2.2%.

The average volume for State Street has been 3.5 million shares per day over the past 30 days. State Street has a market cap of $20.79 billion and is part of the

financial

sector and

banking

industry. Shares are up 7.6% year to date as of the close of trading on Tuesday.

State Street Corporation, a financial holding company, provides various financial products and services to institutional investors worldwide. The company has a P/E ratio of 11.8, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates State Street as a

buy

. The company's strengths can be seen in multiple areas, such as its solid stock price performance, attractive valuation levels, expanding profit margins, good cash flow from operations and notable return on equity. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full

State Street Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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