State Street Corp. Announces an Increase in the Quarterly Common Stock Dividend & an Authorization to Purchase up to $675 Mil...
March 18 2011 - 1:18PM
Business Wire
State Street Corporation (NYSE:STT) today announced a quarterly
dividend of $0.18 per share of common stock, payable April 15,
2011, to stockholders of record as of April 1, 2011. Today’s
announced common stock dividend represents an increase of $0.17 per
share from the $0.01 per share dividend paid on January 18,
2011.
State Street also announced that its Board of Directors has
approved a new common stock purchase program authorizing the
purchase of up to $675 million of common stock in 2011. This new
program supersedes the Board’s prior common stock purchase
authorization under which it has not engaged in purchases since
January 2008. State Street may commence stock purchases under this
new authorization at any time.
As part of its Comprehensive Capital Adequacy Review of bank
holding companies, the Federal Reserve reviewed State Street’s
comprehensive capital plan and did not object to the Company’s
increase in its quarterly dividend and the execution of its new
stock purchase program.
State Street Corporation (NYSE: STT) is one of the world's
leading providers of financial services to institutional investors
including investment servicing, investment management and
investment research and trading. With $21.53 trillion in assets
under custody and administration and $2.01 trillion in assets under
management at December 31, 2010, State Street operates in 26
countries and more than 100 geographic markets and employs 28,670
worldwide. For more information, visit State Street’s web site at
www.statestreet.com or call +1 877/639-7788 [NEWS STT] toll-free in
the United States and Canada, or +1 678/999-4577 outside those
countries.
This AUM includes the assets of the SPDR Gold Trust (approx. $56
billion as of December 31, 2010), for which State Street Global
Markets, LLC, an affiliate of State Street Global Advisors, serves
as the marketing agent.
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