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

NEW YORK ( TheStreet) -- The ex-dividend date for State Street (NYSE: STT) is tomorrow, March 29, 2012. Owners of shares as of market close today will be eligible for a dividend of 24 cents per share. At a price of $45.39 as of 9:30 a.m. ET, the dividend yield is 2.1%.

The average volume for State Street has been 4.1 million shares per day over the past 30 days. State Street has a market cap of $20.32 billion and is part of the financial sector and banking industry. Shares are up 12.9% 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 12.2, above the average banking industry P/E ratio of 10.9 and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates State Street as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, attractive valuation levels and expanding profit margins. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook. You can view the full State Street Ratings Report.

See our dividend calendar or top-yielding stocks list.
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