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

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, March 27, 2013. Owners of shares as of market close today will be eligible for a dividend of 26 cents per share. At a price of $59.72 as of 9:31 a.m. ET, the dividend yield is 1.7%.

The average volume for State Street has been 4.2 million shares per day over the past 30 days. State Street has a market cap of $27.31 billion and is part of the financial sector and financial services industry. Shares are up 26.2% year to date as of the close of trading on Monday.

State Street Corporation, a financial holding company, provides investment servicing and investment management services to institutional investors worldwide. The company has a P/E ratio of 14.2, 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, growth in earnings per share, revenue growth, attractive valuation levels and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full State Street Ratings Report.

See our dividend calendar or top-yielding stocks list.

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